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Published on 7/13/2012 in the Prospect News Emerging Markets Daily.

New Issue: Singapore's Swiber prices S$10 million add-on to 6¼% notes due 2015

By Marisa Wong

Madison, Wis., July 13 - Swiber Holdings Ltd. announced it issued S$10 million of 6¼% notes due June 8, 2015 at par on July 13.

The notes were issued under the company's S$700 million multicurrency medium-term note program and will be consolidated and form a single series with the company's S$85 million of 6¼% notes due 2015 issued on June 8.

Australia and New Zealand Banking Group Ltd. is the lead manager and bookrunner for the add-on notes.

Listing on the Singapore Exchange Securities Trading Ltd. is expected to be effective July 16.

Swiber is a Singapore-based offshore oil and gas company.

Issuer:Swiber Holdings Ltd.
Issue:Medium-term notes
Amount:S$95 million (increased from S$85 million)
Maturity:June 8, 2015
Bookrunner:Australia and New Zealand Banking Group Ltd.
Coupon:6¼%
Price:Par
Yield:6¼%
Pricing date:May 31 (for initial S$75 million)
Upsizing date:June 4 (to $85 million)
Settlement date:June 8 (for S$85 million), July 13 (for S$10 million)

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