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GuocoLand Limited ( (SG:F17) ) has issued an update.
GuocoLand Limited, through its subsidiary GLL IHT Pte. Ltd., has announced the pricing of S$180,000,000 subordinated perpetual securities under its S$3,000,000,000 Multicurrency Medium Term Note Programme. The perpetual securities, led by DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, and Oversea-Chinese Banking Corporation Limited, will offer a distribution rate of 4.35% per annum until February 2030, with subsequent adjustments tied to market rates. This move is significant for GuocoLand as it bolsters its financial flexibility, potentially impacting its investment strategies and stakeholder interests.
More about GuocoLand Limited
YTD Price Performance: 1.96%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.15B
See more data about F17 stock on TipRanks’ Stock Analysis page.