EDC Completes US$ Bond Offering

The Energy Development Corp. (PSE: EDC) successfully launched its maiden $300 million 10-year bond issuance. The Notes due 2021 were priced at par at a yield of 6.5%.

Deutsche Bank and J.P. Morgan acted as Joint Lead Managers for the transaction. The bonds will be listed on the Singapore Exchange Securities Trading Limited (SGX-ST).

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