By Christine Van Dusen
Atlanta, Aug. 2 - Singapore's Swiber Holdings Ltd. priced a S$150 million issue of 6½% notes due 2018 at par, a market source said.
DBS and Maybank Kim Eng Securities were the bookrunners for the Regulation S sukuk.
The proceeds will be used to refinance existing borrowings, for working capital and for general corporate purposes.
Swiber is a Singapore-based oil and gas company.
| Issuer: | Swiber Holdings Ltd.
|
| Amount: | S$150 million
|
| Maturity: | 2018
|
| Description: | Islamic bonds
|
| Bookrunners: | DBS, Maybank Kim Eng Securities
|
| Coupon: | 6½%
|
| Price: | Par
|
| Yield: | 6½%
|
| Trade date: | Aug. 1
|
| Distribution: | Regulation S
|
| Price talk: | 6½% area
|
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