iFAST prices S$120 million 2.75% notes due 2031 under debt programme

iFAST Corporation Ltd ( (SG:AIY) ) just unveiled an announcement.

iFAST Corporation Ltd has priced S$120 million of 2.75 per cent fixed-rate notes due 2031 under its S$300 million multicurrency debt issuance programme, with the notes expected to be issued on 3 March 2026. Oversea-Chinese Banking Corporation Limited is acting as the sole dealer, and the notes are being offered outside the United States under Regulation S and in Singapore to institutional and accredited investors in accordance with local securities regulations.

iFAST will issue the Series 002 Notes at par in S$5,000 denominations, paying semi-annual interest and maturing in March 2031, with the notes ranking as direct, unsecured and unsubordinated obligations alongside the company’s other unsecured debt. Net proceeds will be used for general corporate purposes, including refinancing borrowings, funding capital expenditure and investments, and supporting working capital, notably including potential capital injections into its UK digital bank, and the company plans to seek listing and quotation of the notes on the SGX-ST.

The most recent analyst rating on (SG:AIY) stock is a Hold with a S$10.00 price target. To see the full list of analyst forecasts on iFAST Corporation Ltd stock, see the SG:AIY Stock Forecast page.

More about iFAST Corporation Ltd

iFAST Corporation Ltd is a Singapore-based financial services group that operates a digital wealth management platform. The company provides investment products and services and is expanding its presence in digital banking, including through its UK-based unit, iFAST Global Bank Limited, with a focus on technology-driven financial solutions for investors and institutions.

Average Trading Volume: 1,372,506

Technical Sentiment Signal: Buy

Current Market Cap: S$2.86B

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