By Marisa Wong
Madison, Wis., Nov. 12 – Ezion Holdings Ltd. said it priced S$150 million of 7% subordinated perpetual securities on Wednesday.
The perpetual securities will be issued under the company’s S$1.5 billion multicurrency debt issuance program.
DBS Bank Ltd. is the lead manager and bookrunner for the offering.
The securities will be callable in whole or in part on Nov. 19, 2018 or any distribution payment date after that.
Proceeds will be used for general corporate purposes, including the financing of investments in offshore and marine assets and general working capital.
The securities are expected to be issued on Nov. 19.
Singapore-based Ezion specializes in marine logistics and support for the offshore oil and gas industries.
| Issuer: | Ezion Holdings Ltd.
|
| Issue: | Subordinated perpetual securities
|
| Amount: | S$150 million
|
| Maturity: | Perpetual
|
| Coupon: | 7%
|
| Call option: | In whole or in part on Nov. 19, 2018 or any distribution payment date after that
|
| Bookrunner: | DBS Bank Ltd.
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 19
|
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