Oxley unit prices its $150m bonds due 2022 at 5.7%

They will mature on 31 January 2022.

Oxley Holdings Limited's (Oxley) subsidiary Oxley MTN Pte. Ltd. priced it 5.7% notes due 2022 for $150m.

According to an announcement, the bonds are under its US$1b guaranteed euro medium term note programme.

The bonds will mature on 31 January 2022.

"The net proceeds from the issue of the 2022 Notes (after deducting issue expenses) are presently intended to be used for general corporate purposes and working capital requirements of the Company, its subsidiaries, its joint venture entities and its associated entities," Oxley said.

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