UOL Group (SGX:U14) priced SG$225 million worth of 2.78% bonds due 2032, according to a filing with the Singapore Exchange on Tuesday.

Shares of the company were up over 1% in early morning trading.

The Series 005 bonds will mature on July 15, 2032, with DBS Bank and United Overseas Bank (SGX:U11) acting as joint lead managers and book-runners.

Net proceeds from the issuance will be used for general corporate purposes, including refinancing of existing borrowings and financing of working capital and capital expenditure requirements.

The debts will be issued under UOL's SG$2 billion multicurrency medium-term bond program.