GuocoLand Issues S$110M Notes: 2.5% Coupon for Working Capital
{% raw %}
## GuocoLand Plans to Issue S$110M Notes
GuocoLand plans to issue notes worth S$110 million with an annual coupon rate of 2.5%.
## Key Terms and Arrangements
The group announced on the SGX website after market close on Monday (June 22) that these notes will be issued by wholly-owned subsidiary GLL IHT, as part of the company's S$3 billion multi-currency medium-term note program.
The notes are guaranteed by GuocoLand, expected to be issued around June 30 this year, and mature on September 30, 2030.
Each note has a face value of S$250,000, paying semi-annual interest on March 30 and September 30 each year, with the first payment on March 30, 2027.
## Underwriting and Use of Proceeds
DBS Bank has been appointed as the sole lead manager and bookrunner for the notes issue.
Net proceeds from the issuance will be used as working capital for the group and its subsidiaries.
## Market Performance
GuocoLand shares closed at S$2.18 on Monday, down 0.46%.
{% endraw %}
Disclaimer: This article is for reference only and does not constitute investment advice. Investment involves risks, please invest cautiously.
US Sector Rotation Accelerates: August 2026 Market Shift Reveals New Opportunities Through Capital Flows
2026-08-09
Fed Holds Steady in July, Signals Dovish Tone; US Tech Stocks Lead Rally on Rate Cut Expectations
2026-07-28
Three major US stock indexes diverge: Nasdaq hits new high, Tesla FSD subscriptions surpass 2 million
2026-07-26
