GuocoLand Plans to Issue S$110M Notes for Working Capital

GuocoLand plans to issue notes worth S$110 million with an annual coupon rate of 2.5%.

The group said in a filing on the Singapore Exchange after market close on Monday (June 22) that the notes will be issued by wholly-owned subsidiary GLL IHT as part of a S$3 billion multicurrency medium-term note program.

The notes are guaranteed by GuocoLand and are expected to be issued around June 30, 2026, maturing on September 30, 2030. Each note has a face value of S$250,000, with semi-annual interest 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 notes.

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

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

The content on this website is for learning and communication purposes only. It does not provide financial services such as account opening, margin trading, discretionary asset management, or insider trading. Do not trust any private messages on the site that recommend stocks or guide trading operations.