Perennial to issue up to S$200m of bonds in public offer
PERENNIAL Real Estate Holdings announced on Wednesday its offer of up to S$200 million of bonds due 2020 with a coupon rate of 4.55 per cent.
It has the option of issuing up to another S$100 million of bonds in the event of oversubscription under this public offer.
The issue price of the bonds is S$1 per S$1 in principal amount of the bonds.
The sole global coordinator for the offer is DBS Bank. The joint lead managers and bookrunners for the offer are DBS and United Overseas Bank (UOB) while the sole underwriter is UOB.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad