** NEW ISSUE: CROESUS RETAIL TRUST SGD 4YR – IPG 5% area **
** NEW ISSUE: CROESUS RETAIL TRUST SGD 4YR – IPG 5% area **
Issuer: Croesus Retail Asset Management Pte. Ltd. (in its
capacity as trustee-manager of Croesus Retail Trust)
Status: Senior, unsecured, off USD500 million Euro Medium Term
Note Programme
Rating: Unrated
Format: Bearer / Reg S, S274 & 275 of Singapore SFA
Tenor: 4 years
Issue Size: TBD
Initial Price Guidance:5% Area
Payment: Semi-annual, Actual/365 (fixed)
Settlement Date: [ ] April 2016
Maturity Date: [ ] April 2020
Details: SGD250,000/SGX-ST/CDP/English Law
Use of Proceeds: In accordance with the OC dated 4 April 2016
Joint Bookrunners: DBS, UOB (B&D)
Timing: As early as today’s business
* CROESUS RETAIL TRUST SGD 4YR – UPDATE #1 **
** NEW 4YR SGD ANNOUNCED DRIVEN BY REVERSE INTERESTS
** INITIAL PRICE GUIDANCE: 5% AREA
** TIMING: AS EARLY AS TODAY’s BUSINESS
** COMPS:
CROESP01/17: 100.50, 4.0%
PREHSP4.9 03/19: 102.25, 4.08%
SGD 60 mio. Coupon 5%.
Last month’s attempt at the perpetual fell through.