GuocoLand Plans S$110M Note Issue with 2.5% Coupon

GuocoLand plans to issue S$110M notes with an annual coupon rate of 2.5%.

The group announced after market close on Monday (June 22) on the SGX website that the notes will be issued by wholly-owned subsidiary GLL IHT, as part of the company's S$3B multi-currency MTN program.

Guarantee, Issuance and Maturity

The notes are guaranteed by GuocoLand, expected to be issued around June 30, 2026, and mature on September 30, 2030.

Each note has a denomination of S$250,000, with semi-annual interest payments on March 30 and September 30 each year, first payment on March 30, 2027.

Underwriting and Use of Proceeds

DBS Bank has been appointed as the sole bookrunner and underwriter for the note issue.

The net proceeds from the issue will be used for working capital of the group and its subsidiaries.

Market Performance

GuocoLand's share price closed at S$2.18 on Monday, down 0.46%.