GuocoLand’s GLL IHT Issues Additional S$120 Million 4.35% Perpetual Securities, Bringing Total Series to S$300 Million
Summary:
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GLL IHT Pte. Ltd., a wholly-owned subsidiary of GuocoLand Limited, has issued S$120 million of 4.35% subordinated perpetual securities on 14 July 2025.
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These new securities (Tranche 002) are consolidated to form a single series with the existing S$180 million issued on 25 February 2025, bringing the total to S$300 million under its S$3 billion multicurrency medium term note programme.
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Issued at 100.429% plus accrued interest, the perpetual securities have a 4.35% p.a. distribution rate until 25 February 2030, after which the rate resets every five years.
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Distributions are payable semi-annually on 25 February and 25 August each year.
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Net proceeds will be used for general working capital and corporate needs.
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The securities are guaranteed by GuocoLand and are expected to be listed on the SGX-ST on 15 July 2025.