GuocoLand to issue notes worth 110 million, with planned annual coupon of 2.5%
GuocoLand plans to issue notes worth 110 million, with an annual coupon of 2.5%.
In a statement released on the Singapore Exchange website after the market closed on Monday (June 22), the group said the notes will be issued by wholly owned subsidiary GLL IHT and are part of its S$3 billion multicurrency medium-term note programme.
The notes will be guaranteed by GuocoLand and are expected to be issued around June 30 this year, with maturity on September 30, 2030. Each note has a face value of 250,000, pays interest semiannually on March 30 and September 30 each year, and the first payment date is March 30, 2027.
DBS Bank has been appointed sole underwriter and bookrunner for the issue.
Net proceeds from the issue will be used as working capital for the group and its subsidiaries.
GuocoLand shares closed at S$2.18 on Monday, down 0.46%.

