Asia-focused AusGroup launches S$350 million debt program

By Marisa Wong

Madison, Wis., Sept. 22 – AusGroup Ltd. said it established a S$350 million multicurrency debt issuance program.

The program covers notes and perpetual securities denominated in Singapore dollars or any other currency.

DBS Bank Ltd. is the arranger and dealer.

Proceeds will be used for general corporate purposes, including refinancing borrowings, and financing investment and general working capital.

AusGroup is the parent company of AusGroup Singapore Pte. Ltd. AusGroup provides manufacturing and construction services to oil and gas and mining sectors in Southeast Asia and Australia. The parent company is based in West Perth, Australia.

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