Golden Agri's S$125m three-year notes priced at 5.5% a year

PALM oil plantation company Golden Agri-Resources said on Wednesday that it has priced its S$125 million senior unsecured fixed rate notes due April 27, 2018, at 5.5 per cent a year.

The company is getting funding from a US$1.5 billion multicurrency medium term note programme.

The latest offering is managed by Credit Suisse, MUFJ, and OCBC Bank.

Golden Agri said net proceeds will be used for general corporate purposes and working capital needs, including but not limited to the repayment of outstanding borrowings.

Golden Agri closed unchanged at S$0.435 on Tuesday.