SINGAPORE, June 18 (Reuters) - Singapore-listed property firm Yanlord <YNLG.SI> said on Thursday it is aiming to raise about S$503 million ($346 million) through the sale of shares and convertible bonds.
The proceeds will be used for investments, acquisitions and strategic alliances, the company said in a statement to the Singapore stock exchange.
Yanlord said it would sell 110 million shares at S$2.08 each, or at the lower end of an indicative price of S$2.08-S$2.16 a share, a range disclosed by sources to Reuters late on Wednesday.
The company also plans to sell S$275 million in five-year convertible bonds at 5.85 percent, with an option to upsize the deal by another S$100 million.
There will be a put option at the end of the third year.
JP Morgan <JPM.N> and RBS <RBS.L> are handling the deal.
The company also said a controlling shareholder is separately selling 10 million shares at S$2.08, raising S$20.8 million shares. ($1=1.455 Singapore Dollar) (Reporting by Harry Suhartono, editing by Dhara Ranasinghe) ((harry.suhartono@thomsonreuters.com; +65 6403 5658; Reuters Messaging: harry.suhartono.reuters.com@reuters.net)
