The notes will be issued at an issue price of 100% of their principal amount and is expected to be issued in denominations of $250,000.
The notes will bear an interest rate of 2.502% per annum and interest on the notes will be payable semi-annually in arrear. The notes are set to mature on Oct 1, 2031.
The series 003 notes will be offered in Singapore to institutional investors and are expected to be listed on the Singapore Exchange(SGX) on Oct 2, with effect from 9am.
United Overseas Bank Limited is the sole lead manager of the notes.
See also: Singapore’s CDL to sell $2.75 bil office complex to cut debt
According to the group, the net proceeds from the notes will go towards the financing or refinancing of new or existing eligible green projects under PUB’s green financing framework.
