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Heeton prices S$118m fixed-rate notes at 6.08% interest
HEETON Holdings Limited has priced its S$118 million fixed-rate notes at an interest rate of 6.08 per cent per annum, payable semi-annually in arrear.
These notes, due on July 19, 2021, are part of the S$300 million multi-currency debt issuance programme established in July 2013.
Oversea-Chinese Banking Corporation Limited acted as sole lead manager and bookrunner for the issuance of this latest tranche of notes.
Heeton said that it is using the net proceeds for general working capital and corporate funding, including financing investments and refinancing of existing debts of the company or its subsidiaries.
Approval in-principle has been received from the Singapore Exchange for the listing and quotation of the notes.