Notes

City Developments’ (CDL) largest component for interest-bearing borrowings are term loans.

The final order book of the offering was 5.5 times over-subscribed and stood at US$1.1 billion from 109 investor accounts.

The notes are expected to be issued on Jan 8, 2021, and mature on Jan 8, 2031.

The notes are expected to be rated AA- by Standard & Poor’s.

Ratings agencies did not look too kindly at Geo Energy’s consent solicitation and warn noteholders that by rejecting this offer, they run the risk of facing “more onerous terms” in a few months’ time.

SINGAPORE (Nov 15): Rickmers Maritime's trustee-manager announced that it will default on the interest payment of its $100 million note due Nov 15 and will suspend trading of its shares immediately.

SINGAPORE (Oct 27): Perisai Capital, a subsidiary of beleaguered Malaysia-listed oil & gas outfit Perisai Petroleum Teknologi Bhd, announced that it has been served with a winding-up petition as the guarantor of the $700 million notes by Ravi Murarkar, ho

SINGAPORE (Oct 4): Singapore's junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.

SINGAPORE (May 27): Pawnbrokers Valuemax Group is issuing $50 million worth of fixed notes due 2018 at 5.5%.