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Wee Hur sets up S$500 million medium-term note programme

Wee Hur sets up S$500 million medium-term note programme

By Swedan Margen

Fashion

Notes to be issued may be in Singapore dollars or any other currency, in various amounts and tenors, and may bear interest at fixed, floating or hybrid rates or not bear any interest

Property company Wee Hur has established a S$500 million multi-currency medium term note programme, it said via a bourse filing on Friday (May 30).

The proceeds raised from notes issued under this programme will be used for the company’s general corporate purposes.

This includes refinancing existing borrowings, as well the financing of investments, acquisitions, general working capital and/or capital expenditure.

DBS and UOB have been appointed to act as the joint arrangers and dealers of the programme.

Notes issued under the programme may be in Singapore dollars or any other currency, in various amounts and tenors, and may bear interest at fixed, floating or hybrid rates or not bear any interest, depending on the agreement in each case as may be agreed between the financial institutions underwriting for the notes and the company.

Shares of Wee Hur closed flat at S$0.42 on Friday.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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