Wing Tai establishes S$1 billion multicurrency debt issuance programme
WING Tai Holdings : W05 0% has established a S$1 billion multicurrency debt issuance programme, and plans to use the net proceeds for general working capital and investments, as well as refinancing existing borrowings.
The property developer and fashion retailer on Wednesday (Mar 6) said that it may issue perpetual securities and notes denominated in Singapore dollars or any other currency, in various amounts and tenors, at fixed, floating, variable or hybrid interest rates. They may also not bear any interest.
The debt issuance programme has obtained in-principle approval from the Singapore Exchange. HSBC is the arranger and dealer of the facility.
Wing Tai shares were 0.7 per cent higher at S$1.41 at market close on Wednesday, before the announcement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Reits & Property
Mapletree closes second Japan logistics development fund, expects 110 billion yen AUM
CapitaLand India Trust appoints new CEO-designate
Developers sell 301 new homes in April, down 58%, on fewer launches
ESR attempts to suspend Sabana Reit’s May 24 EGM
Frasers Property’s capital recycling transactions total S$1.1 billion in H1 2024
Reitas’ new exco elects Keppel Reit chief to continue as president