By Marisa Wong
Morgantown, W.Va., May 24 – RHT Health Trust priced S$60 million of 4˝% fixed-rate notes due 2018 to be issued through its trustee-manager, RHT Health Trust Manager Pte. Ltd.
The notes will be consolidated and form a single series with the existing S$60 million of 4˝% notes due 2018 issued on July 22, 2015.
The S$120 million total of 4˝% notes make up the first series under the trust’s S$500 million Regulation S multicurrency medium-term note program.
DBS Bank Ltd. and United Overseas Bank Ltd. are the joint lead managers for the series 1 tranche 2 notes.
Proceeds will be used to refinance or repay existing borrowings.
The tranche 2 notes are expected to be issued on May 31.
Formerly known as Religare Health Trust, RHT is a Singapore-based business trust with India-based healthcare assets.
| Issuer: | RHT Health Trust Manager Pte. Ltd.
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| Issue: | Medium-term notes, series 1 tranche 2
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| Amount: | S$60 million
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| Maturity: | 2018
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| Coupon: | 4˝%
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| Managers: | DBS Bank Ltd. and United Overseas Bank Ltd.
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| Announcement date: | May 24
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| Settlement date: | May 31
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