Ezra fixed rate notes oversubscribed

Proceeds will extend the Group’s debt maturity profile.

Ezra Holdings Limited said investors showed firm support for Ezra and its subsidiaries’ growth prospects by fully subscribing for the S$200 million, 5% per annum fixed rate notes due 2015.

The notes, the Group’s largest notes issue to date, were placed to institutional and sophisticated investors, who will receive their 5% per annum coupon interest payments semi-annually.

DBS Bank Ltd. (DBS) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) are the appointed dealers of the notes.

The net proceeds from the issue will be used mainly to refinance existing short-term borrowings of the Group.

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