Hotel Properties Limited (SG:H15) has released an update.
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Hotel Properties Limited has successfully issued S$190 million of 5.10% fixed-rate notes due in 2029, with the joint lead managed by DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited, and United Overseas Bank Limited. The notes, offered to institutional and accredited investors in Singapore, will help refinance existing debts and support working capital needs, including the redemption of previous securities. The company has also secured in-principle approval for these notes to be listed and quoted on the Singapore Exchange Securities Trading Limited.
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