iFast Launches, Prices SG$120 Million Worth of Bonds due 2031
MT Newswires
Feb 25
iFast (SGX:AIY) launched and priced SG$120 million worth of 2.75% fixed-rate bonds due 2031 under its SG$300 million multicurrency debt issuance program, according to a Wednesday filing with the Singapore Exchange.
The bonds will bear interest at a fixed rate of 2.75% per annum, payable semi-annually in arrear on March 3 and Sept. 4 each year, starting on Sept. 3 this year. The bonds will mature on March 3, 2031.
The bonds are expected to be listed on the Singapore Exchange on March 4.
Oversea-Chinese Banking Corp. or OCBC (SGX:O39) was named as the sole dealer of the bonds.
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