The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Vivienne Tay

Vivienne Tay

Published Thu, Jan 18, 2024 · 08:43 AM
    • Net proceeds from the issuance will be used for general corporate purposes, including financing existing borrowings, working capital and capital expenditure requirements.
    • Net proceeds from the issuance will be used for general corporate purposes, including financing existing borrowings, working capital and capital expenditure requirements. PHOTO: STRAITS TRADING

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Straits TradingBonds

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Nadiem Makarim (left) has been charged with committing unlawful acts to enrich himself, others or corporations, causing losses to state finances.

    Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Smoke billows from Jebel Ali port after an Iranian attack, following United States and Israel strikes on Iran, United Arab Emirates, on Mar 1.

    The end of Dubai? After the war, the UAE faces a hard road back to its shining past

    Visitors in the Nanjing East Road retail area in Shanghai, China, on May 1.

    China’s regional slowdown: Painful but necessary?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More