Nexus International School to sell S$150m worth of bonds for new campus

PRIVATE education provider Nexus International School (Singapore) is looking to issue an amortising bond guaranteed by Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank, The Business Times (BT) understands.

This standalone issuance has a target size of up to S$150 million, said Aaron Gwak, Standard Chartered Bank's head of capital markets, Asean, in response to queries from BT on Monday.

Standard Chartered Bank (Singapore) is the sole lead manager of the bonds.