Shares & Derivatives
Singapore Corporate Bond New Issue United Energy 2 Yr 6.85%
By Doctor Wealth  •  October 9, 2014
Issuer:  United Energy Financing (Bermuda) Limited Guarantor:  United Energy Group Limited Series:  001 Status: Direct, unconditional, unsubordinated and unsecured Notes Format: Reg S, S274 & S275 of Singapore SFA, issuance off SGD 1 Billion Multicurrency Medium Term Note Programme Tenor:  2-years Initial Price Guidance: 7.0% area Issue Size: $350 Mil Issue Date:  [●] October 2014 Maturity Date: [●] October 2016 united energy Change of Control:  Change of Control investor put at 101% plus accrued interest, in accordance with the Programme Financial covenants: – Consolidated Total Equity is not less than US$900,000,000 – Consolidated Total Debt / Consolidated Total Equity ≤1.2x – Consolidated Secured Debt / Consolidated Total Assets   ≤0.6x – Consolidated EBITDA / Consolidated Interest Expense ≥6.0x Redemption for Taxation Reasons :    Yes, in accordance with the Programme Use of Proceeds :     General corporate purposes and such other purposes as the Group may specify in the applicable pricing ......
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By Doctor Wealth
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