Accommodation assets developer Centurion (SGX:OU8) launched and priced SG$57.5 million worth of four-year fixed-rated bonds due 2029, according to a filing with the Singapore Exchange on Wednesday.
With this, the aggregate principal amount of the series 007 bonds to be issued will be SG$100 million with SG$42.5 million being the principal amount and SG$57.5 million representing additional bonds.
The additional bonds will be priced at 100% of their principal amount and in denominations of SG$250,000 each. They will carry an interest at a fixed rate of 5.25% per annum, payable semi-annually in arrear.
The bonds are expected to be issued on or about Jan. 31.
DBS Bank has been appointed as the sole lead manager and bookrunner for the bonds.
Shares of the company were down nearly 3% in recent trading.
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