Raffles Education (SGX:NR7) completed the issuance of SG$500,000 worth of bonds to Chew Han Wei, a filing with the Singapore Exchange said on Monday.
To date, an aggregate of S$17,250,000 in principal amount of bonds have been issued by the company under its proposed bond issue.
Proceeds raised will be used to refinance existing borrowings.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.