Singapore Builder Oxley Seeks Up to $120 Million Private Loan [Yahoo! Finance Canada]
SINGAPORE EXCH UNSP/ADR (SPXCY)
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Source: Yahoo! Finance Canada
partly to help repay a Singapore dollar bond due next month, said people familiar with the matter. Most Read from Bloomberg Tenor of the loan would be two years, the people added, asking not to be identified as the matter is private. The borrowing is set to be backed by Oxley's two property projects in Kuala Lumpur and London, the people said. The deal isn't final and terms may change, the people added. ADVERTISEMENT The developer plans to use part of the proceeds to repay its Singapore dollar-denominated 6.9% bond due July, the people added. The bond, which was issued in 2021, has S$133 million ($98.7 million) of principal outstanding, according to Bloomberg-compiled data. Oxley didn't immediately reply to a request for comment. As of Dec. 31 last year, Oxley reported a total of S$48.9 million in cash and cash equivalents and total current liabilities of S$1.4 billion, according to a Singapore Exchange filing. Singapore's property sector, which has so far dodged the dow
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