Straits Trading prices S$130 million notes due 2029 at 4.7%

STRAITS Trading on Thursday (Jan 18) said it will issue S$130 million notes due 2029 at 4.7 per cent.

The notes, to be issued at par on Jan 24, fall under the investment company’s S$500 million multicurrency debt issuance programme established in 2011 and updated in 2017.

Net proceeds from the issuance will be used for general corporate purposes, including financing existing borrowings, working capital and capital expenditure requirements, the company said.

DBS and UOB have been appointed joint lead managers and bookrunners for the bond offering.

Shares of Straits Trading closed 0.6 per cent or S$0.01 lower at S$1.77 on Wednesday.