Swissco Holdings: Establishment of $300mi Multicurrency MTN Program

 

The Board of Directors of Swissco Holdings Limited (the “Issuer”) is pleased to announce the establishment of a S$300,000,000 Multicurrency Medium Term Note Program (the “Program”) and in connection therewith, the Issuer has appointed Oversea-Chinese Banking Corporation Limited to act as sole arranger and dealer of the Program.

Under the Programme, the Issuer may from time to time issue notes (the “Notes”) in series or tranches in Singapore dollars or any other currency as may be agreed between the relevant dealer(s) of the particular series or tranche of Notes and the Issuer. Each series or tranche of Notes may be issued in various amounts and tenors, and may bear interest at fixed, floating, variable or hybrid rates or may not bear interest.

The Notes and the coupons of all series will constitute direct, unconditional, unsubordinated and unsecured obligations of the Issuer and shall at all times rank pari passu, without any preference or priority among themselves, and pari passu with all other present and future unsecured obligations (other than subordinated obligations and priorities created by law) of the Issuer.

The Notes will be offered by the Issuer pursuant to exemptions invoked under Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore.

Unless otherwise specified in the relevant pricing supplement, the net proceeds from the issuance of the Notes under the Program, after deducting issue expenses, will be used for general corporate purposes and working capital needs of the Issuer and its subsidiaries.

Approval in-principle has been received from the Singapore Exchange Securities Trading Limited (the "SGX-ST") for the establishment of the Program and application will be made for the listing and quotation of any Notes which are agreed at the time of issue thereof to be so listed on the SGX-ST.