GuocoLand issues additional S$120 million 4.35% perpetual securities, merging with earlier S$180 million notes under S$3 billion programme
Summary:
-
GuocoLand’s subsidiary GLL IHT Pte. Ltd. has issued S$120 million of 4.35% subordinated perpetual securities on 14 July 2025.
-
These will be consolidated and form a single series with the earlier S$180 million 4.35% perpetual securities issued on 25 February 2025, under its S$3 billion multicurrency medium term note programme.
-
The new notes were offered outside the U.S. under Regulation S and in Singapore to institutional and accredited investors under Sections 274 and 275 of the SFA.
-
Approval in-principle has been received from SGX-ST; listing and quotation on the SGX-ST expected from 9.00 a.m. on 15 July 2025.
-
The issuance is not registered under the U.S. Securities Act and may not be offered or sold in the U.S. without applicable exemptions.
-
GuocoLand cautioned that SGX-ST’s admission of the securities is not an indication of the merits of the notes, the issuer, the company or the programme.