Ezra Holdings raises fundsCompany News // September 17, 2013
Ezra Holdings Limited has issued S$25,000,000 in aggregate principal amount of 5.00 per cent Fixed Rate Notes due 2015 to institutional and/or sophisticated investors.
The Series 1 Tranche 2 Notes are issued under the US$500,000,000 Multicurrency Debt Issuance Programme established by the Company on 28 August 2012 and are consolidated and form a single series with the existing S$200,000,000 5.00 per cent Fixed Rate Notes due 2015 issued on 7 September 2012.
The Series 1 Tranche 2 Notes have the same terms and conditions as the Series 1 Tranche 1 Notes in all respects except for the issue date and issue price, and will mature on 7 September 2015 and bear interest at a fixed rate of 5.00 per cent. per annum, payable semi-annually in arrear. Australia and New Zealand Banking Group Limited has been appointed as sole dealer of the Series 1 Tranche 2 Notes.
The net proceeds from the issue of the Series 1 Tranche 2 Notes (after deducting issue expenses) will principally be used by the company for financing general working capital, corporate purposes and to refinance existing borrowings of the company and its subsidiaries.
Approval-in-principle has been granted by the Singapore Exchange Securities Trading Limited for the listing and quotation of the Series 1 Tranche 2 Notes on the SGX-ST. The Series 1 Tranche 2 Notes are expected to be listed and quoted on the SGX-ST with effect from 9.00 a.m. on Tuesday, 17 September 2013. Admission of the Series 1 Tranche 2 Notes to the Official List of the SGX-ST and quotation of the Series 1 Tranche 2 Notes on the SGX-ST is not to be taken as an indication of the merits of the Company, its subsidiaries and associated companies, the Programme, the Series 1 Tranche 1 Notes or the Series 1 Tranche 2 Notes.