Centurion (SGX:OU8) has invited bondholders of outstanding SG$53.0 million fixed rate bonds due in 2026 to exchange any and all outstanding such bonds for a like principal amount of Singapore dollar denominated 4-year fixed rate bonds due in 2029
The new bonds will be issued under the company's SG$750.0 million multicurrency debt issuance program.
The new bonds are expected to be issued by Jan. 31 at an interest rate of 5.25% per year and will mature on or around Jan. 31, 2029.
The bondholders of the existing bonds can also sell their outstanding existing bonds for cash to the company in an amount not exceeding the aggregate principal amount of the gross proceeds arising from the issue by Centurion of certain additional bonds.
The offer to sell bonds will only be applicable if the company opts for issuing such additional bonds, the filing said.
DBS Bank has been appointed as the sole dealer manager for the invitation.