FINANCIAL SERVICES | Staff Reporter, Singapore

Guocoland to raise $350m from perpetual bonds

Distribution payments will be made at the rate of 4.6% per annum.

GuocoLand Limited (GuocoLand) launched 4.6% subordinated perpetual bonds worth $350m for its $3b multicurrency medium term note programme.

According to an announcement, the bonds will be issued in the denomination of $250,000.

The distributions will be payable semi-annually in arrear.

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