GSH Corporation has priced its S$30 million two-year notes at a fixed annual interest rate of 5.20 per cent, it said on Thursday.They form Tranche 2 of GSH's Series 4 notes due 2022 under the company's S$800 million, multicurrency, medium-term note programme established in 2016.
This issuance will be consolidated with the first S$50 million tranche of Series 4 notes, also due 2022, which were issued last October.The net proceeds from the issuance will be used for general corporate purposes, including refinancing of borrowings, financing investments, general working capital and capital expenditure requirements of the company and its subsidiaries.
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