Thakral Corporation Ltd has unveiled a S$150m multicurrency medium term note programme, effective from 6 April 2026. This initiative allows the company to issue notes periodically, with Phillip Securities Pte Ltd appointed as the arranger and dealer for the programme.
The establishment of this programme marks a strategic move for Thakral Corporation, enabling it to diversify its funding sources and access a broader range of investors. The flexibility of issuing notes in multiple currencies is expected to enhance the company’s financial agility and support its growth objectives.
The net proceeds arising from the issue of notes under the programme, after deducting issue expenses, will be used for general corporate purposes which may include refinancing certain of the existing borrowings, and financing capital expenditure, investments and general working capital of the Group.
