OREANDA-NEWS. Singapore Exchange (SGX) today welcomed the listing of Perennial Real Estate Holdings Limited’s three-year retail bonds with a coupon rate of 4.65% per annum, payable half-yearly, on the Mainboard under the stock code, “BIOZ”.

Headquartered in Singapore, Perennial Real Estate Holdings Limited is a commercial property developer with large-scale integrated developments across China, Singapore, Malaysia and Ghana. It owns a number of landmark properties in its portfolio, including two of the largest high speed railway commercial hubs in China, and a number of iconic properties in Singapore such as CHIJMES, Capitol Singapore and TripleOne Somerset.

Mr Pua Seck Guan, Chief Executive Officer of Perennial Real Estate Holdings Limited, said, “We would like to thank all the investors for the overwhelming support for our maiden retail bond offering. The total valid subscriptions of about S$618 million is one of the largest subscriptions received for three-year retail bond offerings by Singapore corporates in recent years.  In addition, the about 9.8 times subscription under the Public Offer tranche reflects the strong underlying demand by retail investors for quality fixed income investment products.  The depth and breadth of the retail bond market in Singapore is expected to grow further as SGX brings in more quality issuers to widen the investment choices for retail investors.”

Lawrence Wong, Head of Listings, SGX, said, “SGX is pleased with the listing of Perennial Real Estate Holdings Limited’s three-year retail bonds, thereby expanding the investment choices for our retail investors. We are encouraged by the popularity of the bonds, which were oversubscribed during its initial launch.”

The total issuance size of Perennial Real Estate Holdings Limited’s three-year retail bonds is $300 million.