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Heeton Holdings Prices Additional SG$47 Million Worth of Bonds

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Heeton Holdings (SGX:5DP) priced an additional SG$47 million worth of 5.50% fixed rate bonds due in 2030, according to a Wednesday filing with the Singapore Exchange.

CIMB Bank Berhad, Singapore Branch and United Overseas Bank (SGX:U11) are the joint lead managers for the new bonds.

The additional bonds will be consolidated into the existing Series 007, taking the aggregate principal amount to SG$90 million.

Net proceeds from the issue will be used for general corporate purposes, general working capital needs, potential acquisitions and financing and refinancing of investment opportunities.

The new bonds are expected to be listed on or about July 3.

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