Oxley unit prices its S$150 million 5.7% 2022 notes

Singapore

A UNIT of Singapore-listed developer Oxley Holdings has priced its S$150 million 5.70 per cent notes, which mature on Jan 31, 2022 under a US$1 billion guaranteed euro medium term note programme. Under the programme, its subsidiary Oxley MTN may "issue medium term notes unconditionally and irrevocably guaranteed by the company".

The net proceeds from the issue of the notes are presently intended to be used for general corporate purposes and working capital requirements of the company and its subsidiaries, joint venture entities and associated entities, Oxley said in a filing with the Singapore Exchange (SGX) on Thursday morning.