GuocoLand issues S$110M notes at 2.5% coupon
GuocoLand Limited plans to issue S$110 million in notes with an annual coupon of 2.5%.
The group announced on the Singapore Exchange website after market close on Monday (June 22) that the notes will be issued by wholly-owned subsidiary GLL IHT as part of its S$3 billion multi-currency medium-term note program.
The notes are guaranteed by GuocoLand and are expected to be issued around June 30, 2026, maturing on September 30, 2030. Each note has a face value of S$250,000, with semi-annual interest payments on March 30 and September 30 each year, starting March 30, 2027.
DBS Bank has been appointed as the sole lead manager and bookrunner for the issuance.
Net proceeds from the notes will be used for working capital of the group and its subsidiaries.
GuocoLand's shares closed at S$2.18 on Monday, down 0.46%.


