Tuan Sing launches $500m MTN programme

The multicurrency programme is second after Tuan Sing’s $900m MTN in 2013.

Investment holding company Tuan Sing has announced that its wholly-owned subsidiary Superluck Properties has established a $500m MTN programme, according to a press release.

This is Tuan Sing’s second currently-existing MTN programme after its own $900m programme launched in 2013. DBS Bank and United Overseas Bank have been appointed as arrangers under the latest programme.

The notes may be issued in one or more tranches on a syndicated or non-syndicated basis.

They will also be secured by a mortgage over two Superluck properties at 18 Robinson Road and units in the Far East Finance Building at 14 Robinson Road.