Ho Bee Land Issues S$160M Green Notes

Ho Bee Land Limited (SG:H13) has released an update.

Ho Bee Land Limited has successfully issued S$160 million in green notes at a fixed interest rate of 4.35%, maturing in 2029, under its S$800 million Multicurrency Medium Term Note Programme. The notes, which are set to be listed on the Singapore Exchange (SGX-ST) on July 12, 2024, saw significant interest from controlling shareholders and directors, who subscribed to approximately 17.5% of the issue. DBS Bank, Oversea-Chinese Banking Corporation, and The Hongkong and Shanghai Banking Corporation were the joint lead managers and bookrunners for this issuance.

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