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GuocoLand Prices S$120 Million Perpetual Securities Offering

Story Highlights
  • GuocoLand Limited focuses on property development and management in Singapore, China, and Malaysia.
  • The company issued S$120 million in perpetual securities to enhance financial flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GuocoLand Prices S$120 Million Perpetual Securities Offering

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An announcement from GuocoLand Limited ( (SG:F17) ) is now available.

GuocoLand Limited announced that its subsidiary, GLL IHT Pte. Ltd., has successfully priced an offering of S$120 million in 4.35% subordinated perpetual securities. This issuance, part of a larger S$3 billion multicurrency medium-term note program, will consolidate with a previous issuance to form a single series. The securities, managed by CIMB Bank Berhad and Oversea-Chinese Banking Corporation Limited, aim to strengthen the company’s financial structure and provide flexibility in capital management.

The most recent analyst rating on (SG:F17) stock is a Buy with a S$2.30 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.

More about GuocoLand Limited

GuocoLand Limited operates in the real estate industry, focusing on property development, investment, and management. It offers a range of residential, commercial, retail, and hospitality properties, primarily targeting markets in Singapore, China, and Malaysia.

YTD Price Performance: 5.48%

Average Trading Volume: 66,624

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$1.71B

For a thorough assessment of F17 stock, go to TipRanks’ Stock Analysis page.

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