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Oxley Holdings unit issues S$150M of notes

Oxley Holdings Ltd. subsidiary Oxley MTN Pte. Ltd. issued S$150.0 million of 5.70% notes due 2022 under its US$1.00 billion guaranteed euro medium-term note program.

The Singapore stock exchange has approved in principle the listing and quotation of the notes on its official list.

Net proceeds from the issuance are intended to be used for general corporate purposes and working capital requirements of the company.

DBS Bank Ltd. is the sole arranger of the debt program. It is also one of the joint book runners of the offering, aside from Credit Suisse (Singapore) Ltd. and Oversea-Chinese Banking Corp. Ltd.

As of Jan. 31, US$1 was equivalent to S$1.31.