Allgreen Treasury priced SG$150.0 million worth of floating rate bonds due 2029, according to a filing with the Singapore Exchange on Friday.
The bonds will bear interest at a floating rate based on the compounded daily Singapore Overnight Rate Average (SORA) and a spread of 0.8% per annum with a tenor of five years.
The bonds, which will be issued under the issuer's SG$2 billion multicurrency debt issuance program, are unconditionally and irrevocably guaranteed by Allgreen Treasury's parent, Allgreen Properties.
DBS Bank has been appointed as the sole global coordinator, lead manager and bookrunner for the offering.
The bonds are expected to be issued on or about Dec. 13 and are expected to mature on Dec. 13, 2029.
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