Thomson Medical Group prices 5-year $175m senior bond

This is the second bond to be issued under its multicurrency debt programme.

Thomson Medical Group has priced its 5-year SGD senior bond on Monday worth $175m, an announcement revealed.

This is the firm’s second bond issuance pursuant to its $500m Multicurrency Debt Issuance Programme launched in 2019.

The bond offering was 2.4 times oversubscribed. Thomson Medical Group will utilise the proceeds to refinance its existing debts and extend its debt maturity profile.

DBS Bank, Maybank Kim Eng Securities and Standard Chartered Bank (Singapore) are appointed as joint bookrunners of the bond offering.