The notes are set to carry an interest of 4.65% annum payable semi-annually in arrear, which will mature five years from the date of issue.
DBS Bank has been appointed as the sole global coordinator, while CIMB Bank Berhad, Singapore branch, DBS Bank and Maybank Securities, Oversea-Chinese Banking Corporation Limited and United Overseas Bank (SGX:U11
) Limited have been appointed as the joint lead managers and joint bookrunners of the notes.
The net proceeds from the notes are expected to go towards the refinancing of existing borrowings and general working capital of the group.
The notes are set to be issued on the Singapore Exchange (SGX:S68) Securities Trading (SGX-ST) on Oct 29.
See also: AJJ Medtech signs MOU to bring humanoid robot designed for eldercare into Singapore
Shares in Thomson Medical Group (SGX:A50) closed 0.1 cents higher, or up 2.04%, at 5 cents on Oct 21.
