Oxley to issue 6.5% USD-denominated bonds
Singapore
OXLEY Holdings is looking to issue a four-year USD-denominated senior unsecured bond, with an initial yield at 6.5 per cent, according to bondsupermart.com. It is not yet known how much in proceeds it will raise.
The content aggregation portal for bond investors said the indicative yield represents a spread of 482 basis points (bps) over four-year US risk-free bonds, or 467 bps over four-year mid-swaps. This is a "sizeable premium" versus the 350 bps spread on Oxley's SGD-denominated 5-per-cent retail bonds.
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