Establishment of S$500 million secured multicurrency medium term note programme and issue of S$200 million secured notes by Superluck Properties Pte Ltd

A&G News 18 November 2019

Allen & Gledhill advised DBS Bank Ltd. (“DBS”) and United Overseas Bank Limited (“UOB”) on the establishment of a S$500 million secured multicurrency medium term note programme (the “Programme”) and issue of S$200 million 2.80 per cent. secured notes due 2022 (the “Issue”) under the Programme by Superluck Properties Pte Ltd. 

Tuan Sing Holdings Limited is the guarantor of the Programme.

DBS and UOB were appointed the arrangers and dealers of the Programme and the Issue.

Deutsche Bank AG, Singapore Branch (“DB Singapore”) was appointed principal paying agent.

Deutsche Bank AG, Hong Kong Branch (“DB Hong Kong”) was appointed non-CDP paying agent.

DB International Trust (Singapore) Limited (“DB International”) was appointed notes trustee for the noteholders and notes security trustee.

Advising DBS and UOB were Allen & Gledhill Partners Margaret Chin and Fabian Tan.

Advising DB Singapore, DB Hong Kong and DB International was Allen & Gledhill Partner Ong Kangxin.

Advising DBS and UOB on tax issues was Allen & Gledhill Partner Sunit Chhabra.