Rowsley firms $500m multicurrency Medium Term Note programme

This is its first big move as a multidisciplinary real estate company.

Rowsley has announced that it has established a $500m multicurrency Medium Term Note (MTN) programme.
This marks the first time the debt-free company is planning to gear up since its transformation from an investment holding company into a multidisciplinary real estate company with capabilities in planning, architecture, engineering, investment and development.

Rowsley said it has appointed DBS Bank Ltd. and Standard Chartered Bank as joint arrangers and dealers of the MTN programme.

Under the programme, Rowsley may issue notes to fund the general corporate purposes of the group. This includes financing investments, acquisitions and expansion, repayment of borrowings, general working capital and capital expenditure requirements.

Each series of notes may be issued in Singapore dollars or any other currency. Notes may also be issued in various amounts and tenors, and may bear interest at fixed, floating, variable or hybrid rates or other rates that may be agreed in the applicable pricing supplement. Rowsley also has the option of issuing zero coupon notes under the MTN programme.

Rowsley’s Group CEO Lock Wai Han said: “The MTN programme affirms our bankers’ confidence in our future. It positions us to tap the bond markets as part of our plan to diversify the sources of funding for future business expansion.

“Rowsley currently has zero gearing and even after the establishment of this programme, our fundamentals will remain sound and our balance sheet strong.”

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia