Tee Int'l sets up $350m medium-term note plan

ENGINEERING cum real estate group Tee International on Friday established a $350 million multicurrency medium-term note (MTN) programme, the net proceeds of which will be used for general corporate purposes.

United Overseas Bank has been appointed to act as lead arranger and dealer for the credit facility.

Under the programme, Tee International may from time to time issue notes in series or tranches, in Singapore dollars or in other currencies, in various amounts and tenors, and may bear interest at a fixed, floating, variable or hybrid rates (as applicable) or may not bear interest, as agreed between Tee International and the relevant dealer.