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Tuan Sing needs to be more careful about issuing pricey debt

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Leslie Yee

Leslie Yee

Published Thu, Nov 9, 2023 · 05:00 AM
    • William Liem leads Tuan Sing Holdings, which is thinking of venturing into the hospitality sector in Singapore.
    • William Liem leads Tuan Sing Holdings, which is thinking of venturing into the hospitality sector in Singapore. PHOTO: BT FILE

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    DEBT is expensive these days. That is to be expected in a high interest rate environment.

    But when property group Tuan Sing Holdings issued S$150 million in four-year Singapore dollar notes at an annual interest rate of 7.5 per cent on Nov 2, it raised some eyebrows.

    Should debt have been raised at such a pricing?

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