Tuan Sing's Superluck to issue senior secured 3-year 2.8% notes

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SUPERLUCK Properties, a wholly-owned subsidiary of mainboard-listed property developer Tuan Sing Holdings, is looking to issue three-year, Singapore-dollar notes carrying a fixed coupon of 2.8 per cent. Read more at The Business Times.

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SUPERLUCK Properties, a wholly-owned subsidiary of mainboard-listed property developer Tuan Sing Holdings, is looking to issue three-year, Singapore-dollar notes carrying a fixed coupon of 2.8 per cent.S$500 million multicurrency medium-term note programmeThey will be guaranteed by Tuan Sing, and secured by a mortgage over two properties owned by Superluck, according to a DBS term sheet released on Monday afternoon to potential investors.

The principal amount of the notes has not been finalised, although they are to be issued in denominations of S$250,000. The interest will be payable semi-annually in arrears in April and October each year, starting from April 2020.

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