Singapore's KS Energy sets up S$300 million multicurrency note program

By Jennifer Chiou

New York, Oct. 13 – KS Energy Ltd.’s board of directors announced that it has established a S$300 million multicurrency medium-term note program.

According to a filing with the Hong Kong Stock Exchange, Australia and New Zealand Banking Group Ltd., HSBC Ltd. and Oversea-Chinese Banking Corp. Ltd. are the arrangers and dealers.

Under the program, the company may issue notes in various amounts and tenors with fixed, floating or variable rates. It may issue hybrid notes or zero-coupon notes.

Proceeds will be used for general corporate purposes, including refinancing of existing borrowings and financing capital expenditure and general working capital.

KS Energy is a Singapore-based provider of services to the oil and gas industry.

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