Perennial Real Estate Holdings Limited ("PREH" or "Issuer") is offering up to S$150m of 3-year bonds with an interest rate of 4.65%. The OIS and product highlight sheet can be found here. You should read at least the product highlight sheet ("PHS").
The key terms are as follows:
Amount: Up to S$150m
Interest rate: 4.65% fixed
Interest Payment date: Twice a year on 23 April and 23 October
Maturity date: 23 October 2018
Manager: DBS Bank
Ratings: Not rated
CPF application: Not allowed
SRS application: Not allowed for initial application but may purchase post listing
Minimum application: S$2,000 for public tranche and $100,000 for placement tranche.
Timeline of Key Events
Background Information on the issuer
I will not repeat what you can find in the PHS or OIS. In a nutshell, PREH is a property developer and investor with mature and developing properties in Singapore and mainly China. ......