Back 14 Jul 2025

GuocoLand’s GLL IHT Issues Additional S$120 Million 4.35% Perpetual Securities, Bringing Total Series to S$300 Million

Linkhttps://links.sgx.com/1.0.0/corporate-announcements/KTPXV5QTUFXN4F85/3304bbe7b80d3596d6a24c72a76bae029f95cfc5fd47c3b4f6b1a35adb02fcc0

Summary:

  • 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.

  • 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.

  • 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.

  • Distributions are payable semi-annually on 25 February and 25 August each year.

  • Net proceeds will be used for general working capital and corporate needs.

  • The securities are guaranteed by GuocoLand and are expected to be listed on the SGX-ST on 15 July 2025.