Roxy-Pacific to issue $60m 4.5% three-year notes

SINGAPORE - Property and hospitality group Roxy-Pacific Holdings said Tuesday it will issue $60 million worth of 4.5 per cent three-year notes at par under its new $500 million multicurrency note programme.

The Series 1 Notes are expected to be issued on July 20, 2015, and mature on July 20, 2018.

Net proceeds of these notes will be used for general corporate purposes, such as repayment or refinancing of existing borrowings, financing investments, general working capital or capital expenditure.

Roxy-Pacific was trading down 3 cents, or 6.8 per cent, at 48 cents as about 11am on Tuesday.

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