Oxley to issue up to S$125m in 4-year bonds

OXLEY Holdings Limited said on Monday that it will issue an offer of up to S$125 million of four-year 5 per cent bonds due 2019.

These bonds will be issued by the group's wholly owned unit Oxley MTN Pte Ltd and unconditionally guaranteed by the group.

The offer will comprise up to S$100 million of bonds at the issue price of 100 per cent to the public in Singapore and an offer of up to S$25 million of bonds at the issue price of 100 per cent to institutional and other investors.

DBS Bank is the sole lead manager and bookrunner for the offer.

The Singapore Exchange had on Oct 23 granted its in-principle approval for the listing and quotation of the bonds on the mainboard, subject to certain conditions.