Centurion Corporation

[weijian]

A 0.25% increase in rates for these new 005 notes to replace the 004 notes (004 notes were at 5% and 8% step-up). While this increase isn't big, but in current super low interest rate environment, it looks like the company isn't issuing them from a "position of strength".

Centurion prices S$9.8m notes due 2024

WORKER and student accommodation provider Centurion Corporation has priced about S$9.8 million in fixed-rate notes due 2024.

These notes are on top of the company's previously announced invitation to holders of its existing S$60 million notes due 2022 to exchange them for new 3.5 year notes at a premium and/or to sell them for cash at par.

https://www.businesstimes.com.sg/compani...s-due-2024

SGX announcement: https://links.sgx.com/FileOpen/CCL-Prici...eID=634173