DBS prices S$400m 2.83% bonds due 2021 for South Beach consortium
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
DBS has priced a S$400 million four-year senior secured bond for the South Beach Consortium, a joint venture between City Developments and Malaysia's IOI Group, at 2.83 per cent.
The consortium developed the namesake integrated office, hotel, residential and retail development at Beach Road, also known as South Beach.
Proceeds will be used to refinance existing secured bank borrowings, the consortium said.
The bonds will be issued on March 17, 2017 and will mature on March 17, 2021.
DBS is the sole bookrunner.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
