Koh Brothers Upsizes Bond Offering to SG$50M

MT Newswires04-08

Koh Brothers (SGX:K75) said it had decided to increase the maximum issue size of its 5.20% bonds due 2030 from SG$40 million to SG$50 million, according to a Tuesday filing with the Singapore Exchange.

Shares of the construction and engineering company were down 1% in Wednesday trading.

The company has priced an additional SG$33.5 million worth of 5.20% bonds due 2030 under its SG$250 million multicurrency medium-term bonds program. These bonds will be consolidated into the same tranche and series as the new bonds.

The bonds are expected to be listed on April 14, the filing added.

CIMB Bank, Singapore Branch and United Overseas Bank (SGX:U11) have been appointed as joint lead managers and bookrunners for the additional bonds.

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