Oxley prices US$100m four-year notes with 6.375% interest

OXLEY Holdings said its wholly owned unit, Oxley MTN Pte Ltd, had on Monday priced its US$100 million notes that mature in four years' time.

These notes, which bear an interest rate of 6.375 per cent and due in 2021 (Tranche 2), form a single series with the US$200 million notes issued on April 21 under its US$1 billion guaranteed Euro medium-term note programme. They are irrevocably guaranteed by the group.

Net proceeds from the issue of the 2021 Tranche 2 Notes (after deducting issue expenses) are currently intended to be used for general corporate purposes, working capital and capital expenditure requirements of the group, its subsidiaries, and joint-venture and associated entities.

DBS Bank has been appointed as the sole arranger of the programme and the sole lead manager for the issuance of the 2021 Tranche 2 Notes.