By Marisa Wong
Madison, Wis., Jan. 12 - Swiber Holdings Ltd. priced S$120 million of 5.9% notes due July 25, 2014 at par on Wednesday, according to a company news release.
DBS Bank Ltd. is the bookrunner.
The notes will be issued under the company's S$500 million multi-currency medium-term note program. The settlement date is expected to be Jan. 25.
Proceeds will be used for general working capital and refinancing existing borrowings.
Swiber is a Singapore-based offshore oil and gas company.
| Issuer: | Swiber Holdings Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | S$120 million
|
| Maturity: | July 25, 2014
|
| Bookrunner: | DBS Bank Ltd.
|
| Coupon: | 5.9%
|
| Price: | Par
|
| Yield: | 5.9%
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 25
|
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