SINGAPORE (Indonesia Today) – Swiber Holdings Limited, an offshore industry player, has launched and priced S$80 million 9.75% senior perpetual securities.
Australia and New Zealand Banking Group Limited and DBS Bank Ltd. are the joint lead managers and bookrunners of the securities.
“The net proceeds arising from the issue of the securities will be used by the Company for general corporate funding purposes, including to acquire certain existing vessels which are under various leasing arrangements,” Raymond Kim Goh, executive chairman of Swiber said Friday (Sept 14).
Last month, the company issued a S$150 million 5.8% Notes due 2013 under its S$700 million MTC program.