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Perennial launches $200m public bond offer
The 4-year bonds have an interest of 4.55%.
Perennial Real Estate Holdings (PREHL) will issue up to $200 million of bonds to the public in Singapore, the group said in a statement today.
The bonds have a term of 4 years and a coupon of 4.55%. These bonds are due on 2020.
The issue size could be increased to up to $300 million in the event that the public offer is oversubscribed.
The public offer can also be cancelled in the event that less that $25 million in applications are received.
The issue price of the bonds is $1.
DBS is the sole global coordinator for the offer, while UOB is the sole underwriter.
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