UOL unveils $1b multicurrency medium term note programme

It will be used to fund existing debt.

UOL Group today revealed that its wholly-owned subsidiary, UOL Treasury Services, has established a S$1,000,000,000 multicurrency medium term note programme on November 3.

Under the Programme, UTS will from time to time issue notes in series or tranches in Singapore dollars and/or any other currency as may be agreed between the relevant dealers of the particular series or tranche of Notes and UTS.

Each series of Notes may be issued in various amounts and tenors, and may bear fixed, floating or variable rates of interest. Hybrid Notes or Zero Coupon Notes may also be issued under the Programme.

The net proceeds arising from the issue of the Notes under the Programme will be used for the general corporate purposes of the Group, including refinancing of existing borrowings and financing of working capital and capital expenditure requirements of the Group or such other purposes as may be specified in the relevant pricing supplement.

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