Tuan Sing needs to be more careful about issuing pricey debt

Leslie Yee

Published Thu, Nov 9, 2023 · 05:00 AM

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

But when property group Tuan Sing Holdings : T24 0% 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?

KEYWORDS IN THIS ARTICLE

Tuan Sing exploring move into hospitality, may turn HQ into hotel or serviced residence
Tuan Sing prices S$150 million notes due 2027 at 7.5%
Tuan Sing launches tender offer for S$141.7 million notes, proposes new issuance

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Opinion & Features

Opinion & Features

Tuan Sing needs to be more careful about issuing pricey debt

Leslie Yee

KEYWORDS IN THIS ARTICLE

Opinion & Features

Abandoned seafarers: an unacceptable face of the shipping industry

Proposed rules on shareholder-requisitioned meetings can reduce uncertainty

The Fed’s quantitative easing programme has cost too much

Climate philanthropy key to South-east Asia’s green transition

The demise of Scottish nationalism is a boost for the UK’s future

Without a game changer, Sentosa Cove condos will continue underperforming

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