Perennial launches $200m of bonds for retail investors at a fixed 4.55% per annum

SINGAPORE - Perennial Real Estate Holdings launched an offering for subscription of up to S$200 million of four-year retail bonds which carry a fixed interest of 4.55 pr cent per annum.

The retail bonds will be offered to the public in Singapore, the company annoinced o Wednesday (April 20).

Perennial said in the event the public offer is oversubscribed, it may increase the total offer size, by up to an additional S$100 million, to S$300 million.

The company has reserved the right to cancel the offer if less than S$25 million in applications are received.

The issue price of the bonds is S$1 per S$1 in principal amount of the bonds.

The sole global coordinator for the offer is DBS Bank. The joint lead managers and bookrunners for the offer are DBS and United Overseas Bank (UOB) while the sole underwriter is UOB.