iFAST Corporation prices SGD120 million 2.75% notes due 2031

SGX Filings
Feb 24

iFAST Corporation Ltd. (AIY) has priced 120 million Singapore dollars of 2.75 per cent fixed-rate notes due Mar, 03 2031 under its 300 million Singapore dollars multicurrency debt issuance programme.

The Series 002 notes, offered at par, are scheduled for issuance on Mar, 03 2026 in denominations of 5,000 Singapore dollars and integral multiples thereof. Interest will be paid semi-annually in arrears on Mar, 03 and Sep, 03 each year, starting Sep, 03 2026.

Oversea-Chinese Banking Corporation Limited acts as the sole dealer. The company intends to use the net proceeds for general corporate purposes, including refinancing existing borrowings, funding capital expenditure, investing in its UK-based digital bank iFAST Global Bank Limited, and supporting working-capital needs.

iFAST plans to list the notes on the Singapore Exchange Securities Trading Limited, with trading expected to commence on Mar, 04 2026.

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