CityDev launches a multi-currency perpetual securities issuance plan worth over 2 billion yuan | Lianhe Zaobao
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City Developments Limited (CDL) has launched a multi-currency perpetual securities issuance program with a total value of SGD 2 billion. The net proceeds will be used for general working capital, corporate funding, and refinancing of existing loans. These securities will be issued in Singapore to institutional and qualified investors, with various amounts and interest rate options, and no fixed maturity date. The group has applied for listing on the Singapore Exchange, with UOB as the underwriter
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