Ho Bee Land prices S$160 million in green notes due 2029 at 4.35%
The net proceeds will be used to fund or refinance eligible green projects
HO BEE Land priced S$160 million in fixed-rate green notes due 2029 at 4.35 per cent, it said on Friday (Jul 5).
The notes fall under the real estate group’s S$800 million multi-currency medium-term note programme. Ho Bee expects to issue the notes on Jul 11, 2024; they mature on Jul 11, 2029.
Net proceeds from the issuance will be used to fund or refinance eligible green projects in Ho Bee’s green finance framework. This may include borrowings from banks, including the joint lead managers, who will receive a portion of the proceeds from the notes issue.
DBS is the sole global coordinator for the notes. DBS, OCBC and HSBC are the lead managers and joint bookrunners.
Shares of Ho Bee Land closed flat at S$1.86 on Friday.
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