Shares & Derivatives
Singapore Corporate Bond New Issue Review: GITI Tire Pte Ltd 3Y 6.125%
By Doctor Wealth  •  November 11, 2014
giti tire bond new issue review Singapore Corporate Bond New Issue Review: GITI Tire Pte Ltd 3Y 6.125% ISSUER: GITI Tire Pte. Ltd. SERIES: 001 STATUS: Direct, unconditional, unsubordinated and unsecured Notes RATING: Unrated FORMAT: Reg S, S274 & 275 of SFA, issuance off S$750 Million Multicurrency Medium Term Note Programme ISSUE SIZE: Capped at $100MM TENOR: 3 years ISSUE DATE: [●] November 2014 MATURITY DATE: [●] November 2017 INITIAL PRICE GUIDANCE: 6.125% area REDEMPTION UPON CHANGE OF CONTROL: 101%, in accordance with the Programme REDEMPTION FOR TAXATION REASONS: Yes, in accordance with the Programme PAYMENT: Semi-annual, actual/365 (fixed) DETAILS: SGD250K/ Multicurrency Medium Term Note Programme/Singapore Law/CDP LISTING: SGX-ST – New Giti Tire SGD 3yrs announced with strong IOIs received post SG roadshow – Initial price guidance: 6.125% area – Pb selling commission: 50 cents – Issue size: TBD – Timing: This week’s business, as early as today Comparables: Tan Chong International 2.......
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By Doctor Wealth
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