The notes are set to be issued at an issue price of 100% of their principal amount and in denominations of $250,000
DBS Bank, Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited have been appointed as joint lead managers and bookrunners for the offering of the notes.
The net proceeds from the issue of the notes are expected to go towards financing general working capital and corporate requirements of the group and its subsidiaries.
The notes are expected to be issued on or about Nov 15.
See also: Surbana Jurong Group appoints Lim Cheng Cheng formerly of Singtel as group CFO
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Shares in GuocoLand closed 8 cents lower, or 5.03% down, at $1.51 on Nov 5.
