By Marisa Wong
Madison, Wis., Jan. 23 - Guthrie GTS Ltd. announced it issued S$125 million of 3.7% fixed-rate notes due 2018 at par on Wednesday.
The notes were issued under the company's S$500 million multicurrency medium-term note program established on Jan. 11.
Oversea-Chinese Banking Corp. Ltd. is the lead manager and bookrunner for the new notes.
Proceeds will be used for investments or acquisitions, to fund property development or asset enhancement projects, to refinance existing borrowings and for working capital and general corporate purposes.
Listing of the notes on the Singapore Exchange Securities Trading Ltd. is expected to become effective Thursday.
Singapore-based Guthrie has businesses specializing in property, engineering and leisure.
| Issuer: | Guthrie GTS Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | S$125 million
|
| Maturity: | Jan. 23, 2018
|
| Coupon: | 3.7%, payable semiannually
|
| Price: | Par
|
| Yield: | 3.7%
|
| Bookrunner: | Oversea-Chinese Banking Corp. Ltd.
|
| Settlement date: | Jan. 23
|
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