Thakral Corporation Ltd announced on Apr, 07 2026 that it has priced an inaugural issuance of 70 million Singapore dollars in 5.00% fixed-rate notes maturing on Apr, 14 2029.

The Series 001 Notes, issued under the company’s 150 million Singapore dollars multicurrency medium-term note programme established on Apr, 06 2026, will be offered at 100% of face value in denominations of 250,000 Singapore dollars. Interest is payable semi-annually on Apr, 14 and Oct, 14 each year, starting on Oct, 14 2026.

Net proceeds, after expenses, are earmarked as follows: up to 50 million Singapore dollars for acquiring an additional 81.64% stake in Thakral Investments Private Limited, with the balance to fund a mixed-use land-site development and for general corporate purposes, including refinancing, investments, acquisitions, working capital and capital expenditure.

Phillip Securities Pte Ltd is the sole bookrunner for the offering. Approximately 11.07% of the notes have been allocated to certain controlling shareholders, directors, the chief executive officer and their associates; the aggregate value at risk represents less than 3% of the group’s latest audited net tangible assets.

Application will be made for the notes to be listed on the Singapore Exchange on Apr, 15 2026.