GuocoLand (SGX:F17) subsidiary, GLL IHT, priced SG$200 million worth of 2.30% bonds due 2029, according to a Monday filing with the Singapore Exchange.
Shares of the company were down under 1% in Tuesday trading.
DBS Bank and United Overseas Bank were appointed as joint lead managers and bookrunners for the bonds which will mature on Sept. 25.
The bonds are expected to be issued on or about Sept. 25 and listed on the market day after the issue.
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