Issue of S$400 million subordinated perpetual securities by GLL IHT Pte. Ltd. under its S$3 billion multicurrency medium term note programme
Allen & Gledhill advised DBS Bank Ltd. (“DBS”), HL Bank, The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), Standard Chartered Bank (“SCB”) and Oversea-Chinese Banking Corporation Limited (“OCBC”), as dealers, on the issue of S$350 million 4.60 per cent. subordinated perpetual securities comprised in Series 024 Tranche 001 (“Tranche 001 Securities”) by GLL LHT Pte. Ltd. (“GLL”) under its S$3 billion multicurrency medium term note programme (the “Programme”).
Allen & Gledhill also advised OCBC, as dealer, on the issue of S$50 million 4.60 per cent. subordinated perpetual securities comprised in Series 024 Tranche 002 (“Tranche 002 Securities”), to be consolidated and form a single series with the Tranche 001 Securities, under the Programme.
Advising DBS, HL Bank, HSBC, SCB and OCBC on the Tranche 001 Securities, and OCBC on the Tranche 002 Securities were Allen & Gledhill Partners Margaret Chin and Ong Kangxin.
Advising DBS, HL Bank, HSBC, SCB and OCBC on tax issues of the Tranche 001 Securities, and OCBC on the Tranche 002 Securities was Allen & Gledhill Partner Sunit Chhabra.
