The notes will bear interest at 5.25% a year and will mature on 22 May 2015. They are part of the $500,000 multi-currency debt issuance programme established on 9 May 2012.
“The net proceeds of the series 001 notes will be used by the issuer for general corporate purposes, including the financing of investments in offshore and marine assets and general working capital of the issuer or its subsidiaries,” Ezion said.
DBS Bank is the sole lead manager and bookrunner in relation to the issue of the notes.
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