US Stock Live 2026-06-26 12:13

GuocoLand Issues S$110M Notes with 2.5% Annual Coupon

Summary：GuocoLand proposes to issue notes totalling S$110M with a 2.5% annual coupon, issued by wholly-owned subsidiary GLL IHT and guaranteed by GuocoLand. Net proceeds for working capital.

GuocoLand Issues S$110M Notes with 2.5% Annual Coupon

GuocoLand is proposing to issue notes with a total value of S$110 million, carrying an annual coupon rate of 2.5%.

In a statement on the Singapore Exchange website after market close on Monday (June 22), the group said the notes will be issued by its wholly-owned subsidiary GLL IHT Pte. Ltd., under its S$3 billion multi-currency medium-term note programme.

The notes will be guaranteed by GuocoLand and are expected to be issued around June 30 this year, maturing on September 30, 2030. Each note has a face value of S$250,000, with semi-annual coupon payments on March 30 and September 30 each year, starting March 30, 2027.

DBS Bank has been appointed as the sole lead arranger and bookrunner for the issue.

The net proceeds from the notes will be used as working capital for the group and its subsidiaries.

GuocoLand's shares closed at S$2.18 on Monday, down 0.46%.

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