Oxley offers 4-year 5.15% retail bonds

PROPERTY developer Oxley Holdings on Monday announced an offer of up to S$150 million of four-year 5.15 per cent bonds due 2020, to be issued and unconditionally and irrevocably guaranteed.

This comprises an offer of up to S$125 million of bonds to the public in Singapore, and another S$25 million to institutional and other investors.

In the event of over-subscription in the public offer and/or the placement, the issue size of the bonds may be adjusted, but the total issue size will not exceed S$300 million.

The actual amount of bonds to be allocated between the public offer and the placement will be finalised on or before the issue date.

DBS Bank is the sole lead manager and bookrunner for the offer.