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PR Newswire
10-09-2014, 07:39 AM
http://www.businesstimes.com.sg/premium/...s-20140910
PUBLISHED SEPTEMBER 10, 2014
Swiber sells 450m yuan of Lion City bonds
Notes are part of the company's S$1b multi-currency debt programme
BYMINDY TAN
tanmindy@sph.com.sg @MindyTanBT
SWIBER Holdings has sold 450 million yuan (S$92.5 million) of 7.75 per cent offshore renminbi notes due 2017 at par, the offshore construction and support services provider said on Monday night.
The notes are part of Swiber's S$1 billion multicurrency debt programme.
Net proceeds will be used for general working capital and capital expenditure.
This is the first time that a non-bank Singapore company is selling "Lion City" bonds, the industry's term for offshore renminbi debt issued in Singapore. Hai-nan Airlines in May was the first non-bank corporate from any country to issue Lion City bonds.
PUBLISHED SEPTEMBER 10, 2014
Swiber sells 450m yuan of Lion City bonds
Notes are part of the company's S$1b multi-currency debt programme
BYMINDY TAN
tanmindy@sph.com.sg @MindyTanBT
SWIBER Holdings has sold 450 million yuan (S$92.5 million) of 7.75 per cent offshore renminbi notes due 2017 at par, the offshore construction and support services provider said on Monday night.
The notes are part of Swiber's S$1 billion multicurrency debt programme.
Net proceeds will be used for general working capital and capital expenditure.
This is the first time that a non-bank Singapore company is selling "Lion City" bonds, the industry's term for offshore renminbi debt issued in Singapore. Hai-nan Airlines in May was the first non-bank corporate from any country to issue Lion City bonds.