Oxley to issue up to $125m in 4-year bonds

SINGAPORE - Listed property developer Oxley Holdings announced on Monday (Oct 26) an offer of up to $125 million of four-year 5 per cent bonds due 2019.

The bonds will be issued by its wholly-owned subsidiary, Oxley MTN, and guaranteed by Oxley.

Oxley MTN will issue of up to $100 million in aggregate principal amount of bonds at the issue price of 100 per cent to the public.

The remaining $25 million in bonds will be made available to institutional and other investors.

DBS Bank is the sole lead manager and bookrunner for the offer.

The Singapore Exchange has granted in-principle approval for the listing and quotation of the bonds on the mainboard, subject to certain conditions.