By Marisa Wong
Madison, Wis., March 28 - ASL Marine Holdings Ltd. announced that it issued S$100 million of 4¾% series 006 notes due 2017 on Thursday.
DBS Bank Ltd. was the lead manager and bookrunner.
The series 006 notes were issued under the company's S$300 million multicurrency debt issuance program established in May 2008.
Proceeds will be used to finance capital expenditures, including for the construction of internal fleet vessels, and for general working capital.
ASL Marine is a Singapore-based shipping firm.
| Issuer: | ASL Marine Holdings Ltd.
|
| Issue: | Fixed-rate notes, series 006
|
| Amount: | S$100 million
|
| Maturity: | March 28, 2017
|
| Coupon: | 4¾%, payable semiannually
|
| Bookrunner: | DBS Bank Ltd.
|
| Settlement date: | March 28
|
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