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Great Eastern Holdings and Great Eastern Life issues $2b euro medium-term notes
The notes may have fixed or floating rates or none at all.
SGX-Mainboard listed Great Eastern Holdings (GEH) and Great Eastern Life (GEL) will establish a $2b Euro Medium-Term Note (MTN) programme to raise working capital and funds for general corporate purposes and future growth plans.
Under the programme, GEH and GEL may issue notes in Singapore dollars or other currencies in various amounts and tenors. The notes may have fixed or floating rates, or may not carry any interest.
GEH or GEL may also issue perpetual capital securities or subordinated notes as required by the Monetary Authority of Singapore (MAS).
The appointed arranger and dealer for the issuance of notes is OCBC.
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