GuocoLand unit prices $110m notes at fixed 2.5%

They are expected to mature on 30 September 2030.

GuocoLand Limited’s wholly owned subsidiary GLL IHT Pte. Ltd. has priced a $110m offering of notes due 2030 at a fixed annual rate of 2.5% under its $3b multicurrency medium-term note programme.

The notes are expected to be issued on or around 30 June 2026, subject to customary closing conditions, and are expected to mature on 30 September 2030.

Net proceeds will be used to finance general working capital and corporate requirements of the company and its subsidiaries, the group said in a bourse filing.

The notes will be issued at 100% of their principal amount and in denominations of $250,000. Interest will be payable semi-annually in arrears on 30 March and 30 September.

The first interest payment is scheduled for 30 March 2027.

The offering is being made to non-US persons outside the United States under Regulation S of the US Securities Act of 1933.

In Singapore, the notes are being offered to institutional investors and accredited investors under the Securities and Futures Act 2001.

The debt securities are also expected to be listed on the Singapore Exchange Securities Trading Limited on the market day after their issue.

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