Oxley offers up to S$125m retail bonds in maiden issue

Singapore

HOMEGROWN developer Oxley Holdings has launched its first retail bond offering to raise up to S$125 million.

These four-year bonds due 2019 will be issued by the group's wholly owned unit Oxley MTN Pte Ltd and guaranteed by the group.

They will carry a fixed interest rate of 5 per cent per annum, payable semi-annually in arrear.

Oxley executive chairman and CEO Ching Chiat Kwong said this maiden retail bond offering wil…