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Hotel Properties Limited ( (SG:H15) ) has issued an update.
Hotel Properties Limited has doubled the limit of its multicurrency debt issuance programme from S$1 billion to S$2 billion, allowing the company to issue a larger volume of notes and perpetual securities to support its financing needs. Oversea-Chinese Banking Corporation remains the sole arranger of the enlarged programme, which has received in-principle approval from the Singapore Exchange for the listing of securities to be issued and targeted at institutional and accredited investors; the proceeds will be used primarily to refinance existing borrowings and fund working capital, enhancing the group’s financial flexibility and access to capital markets.
More about Hotel Properties Limited
Hotel Properties Limited is a Singapore-based company operating in the hospitality and property sector, with activities focused on owning, managing and developing hotel and related real estate assets serving regional and international markets.
Average Trading Volume: 22,163
Technical Sentiment Signal: Buy
Current Market Cap: S$2.45B
See more insights into H15 stock on TipRanks’ Stock Analysis page.