Singapore's Swiber talks S$150 million five-year sukuk at 6½% area

By Christine Van Dusen

Atlanta, July 29 - Singapore's Swiber Holdings Ltd. set initial talk in the 6½% area for its S$150 million offering of five-year Islamic bonds, a market source said.

DBS and Maybank Kim Eng Securities are the bookrunners for the Regulation S deal.

The proceeds will be used to refinance existing borrowings, for working capital and for general corporate purposes.

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

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