The bond market beckons for another healthcare company in Singapore. Q&M Dental Group, which operates the largest network of private dental outlets in Singapore, has launched its own S$500 million (US$371 million) multi currency debt programme.
In doing so it joins Parkway Life REIT, Perennial Real Estate, RHT Health Trust who have all printed bonds off their own Singapore dollar multi currency programmes this year.
DBS, OCBC and UOB have been appointed by the issuer as joint arrangers and dealers of the programme.
Although Q&M has not revealed any immediate plans to issue, one is likely in the not too distant future. Any bonds will be snapped up by investors. The last healthcare name to print, was Perennial Real Estate with S$100 million three-year paper at 3.85%.