Shares & Derivatives
Singapore Corporate Bond New Issue Review : Tiong Seng Holdings 3.5 Years
By Doctor Wealth  •  June 25, 2014

New Tiong Seng SGD 3.5yrs announced, deal is anchored

img tiong seng

Initial price guidance: Low 5%

Issuer: Tiong Seng Holdings Limited Status: Senior, unsecured Rating:  Unrated Format: Reg S, Bearer, S274 & 275 of Singapore SFA,  issued off the SGD250m Multicurrency MTN Programme Tenor: 3.5 years Issue Size: TBD Issue Date: [ ] July 2014 Maturity Date:  [ ] January 2018 Payment: Semi-annual, Actual/365 (fixed)

Redemption at the Option of Noteholders upon Cessation or Suspension of Trading of the Issuer’s Shares:  At par, if (i) the shares of the Issuer cease to be traded on the  SGX-ST, or (ii) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven days Redemption for Taxation Reasons: Yes, in accordance with the Programme Redemption at the Option of Noteholders Pursuant to Change of Shareholding Event: At par, if Tiong Seng Shareholdings Pte. Ltd....

...
Read the full article
By Doctor Wealth
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance