Corporate digest
Hotel Properties Limited
THE hotelier has closed the order book for S$170 million of five-year notes, recording S$200 million from over 30 accounts, joint lead manager and book runner DBS said on Friday.
The senior unsecured notes will carry a 3.8 per cent coupon rate, which is 328.5 basis points above the five-year swap offer rate. They are expected to be issued on June 2, 2020 and will mature on June 2, 2025. The notes will be issued at an issue price of 100 per cent their principal amount and pay coupons on a semi-annual basis, payable in arrear on June 2 and Dec 2 of each year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama