Singapore's Hong Fok sets up S$300 million multicurrency MTN program

By Marisa Wong

Madison, Wis., Dec. 13 - Hong Fok Corp. Ltd. announced a S$300 million multicurrency medium-term note program on Thursday.

HSBC Ltd. and Oversea-Chinese Banking Corp. Ltd. are the arrangers and dealers for the program.

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

Hong Fok is an investment of Hong Fok Group, a Singapore-based property investment and development company.

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