UOL Group’s wholly-owned subsidiary, UOL Treasury Services, has priced its $225 million notes due 2032 at 2.78%.
The notes are to be issued as the fifth series of notes under the group’s $2 billion multicurrency medium term note programme. The net proceeds are expected to be used for general corporate purposes of UOL and its subsidiaries, including refinancing of existing borrowings and financing of working capital and capital expenditure requirements of the group.
The notes are unconditionally and irrevocably granted by UOL under the programme, and will be paid per annum semi-annually.
The notes are available for institutional investors and accredited investors.
Shares in UOL closed 1 cent lower or 0.156% down at $6.39 on July 8.
