Ezion Holdings appoints ANZ and DBS in securities issue

Australia and New Zealand Banking Group Limited and DBS Bank Ltd will be the joint lead managers and bookrunners.

Ezion Holdings Limited also announced that launch and pricing have taken place in connection with the issue of S$125 million 7.8% subordinated perpetual securities under its S$500 million Multicurrency Debt Issuance Programme.

The securities will be perpetual and will confer a right to receive distributions from 14 September 2012 at the applicable distribution rate, subject to reset and a one-time step-up. Distributions on the securities will be payable semi-annually, in accordance with the terms and conditions of the securities.

The securities are expected to be issued on or around 14 September 2012, subject to satisfaction of customary closing conditions.

Application will be made to the Singapore Exchange Securities Trading Limited for the listing and quotation of the Securities on the SGX-ST.