Issue of US$850 million notes by GLP Pte. Ltd.

A&G News 24 May 2021

Allen & Gledhill advised GLP Pte. Ltd. (“GLP”) on the issue of US$850 million 4.50% green subordinated perpetual securities (“Issue”) under its US$5 billion Euro medium term note programme.

The Issue represents the first-ever offering of US dollar green subordinated perpetual securities by an Asia-Pacific corporate issuer and is the largest US dollar green subordinated perpetual securities offering globally to-date.

Advising GLP as to Singapore law was Allen & Gledhill Partner Bernie Lee.

Advising GLP on Singapore tax issues was Allen & Gledhill Partner Sunit Chhabra.