Back 14 Jul 2025

GuocoLand issues additional S$120 million 4.35% perpetual securities, merging with earlier S$180 million notes under S$3 billion programme

Link: https://links.sgx.com/1.0.0/corporate-announcements/QTLH8L8N8H7MJOEP/dedd13d0bf3cb8589a71bb6d168fb89faf98ea06504ec0dd20d9bd627d3c0cad

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.