Wee Hur (SGX:E3B) launched and priced SG$30 million worth of 4.80% bonds due 2030 under its SG$500 million multicurrency medium term bonds program, according to a Monday filing with the Singapore Exchange.

Shares of the construction company were up nearly 1% in Tuesday trade.

The series 001 tranche 002 bonds will be consolidated and form a single series with the existing SG$175 million 4.8% bonds in tranche 001.

DBS Bank and United Overseas Bank were appointed as joint lead managers and bookrunners for the bonds.

Meanwhile, proceeds raised from the issue will be used for general corporate purposes and for capital expenditure.