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EZRA plans $100m notes issue

EZRA plans $100m notes issue

Singapore: Ezra Holdings is looking to raise $100m through a three-year, unsecured, notes issue. Singapore-listed Ezra has appointed DBS Bank and Hong Kong and Shanghai Banking Corporation as joint lead managers and bookrunners for unsecured, guaranteed financing. The financing will be guaranteed by Asian Drilling Services and Emas Offshore. Ezra said the funds raised would be used to finance new business ventures or opportunities and the capital expenditure such as the acquisition of vessels. [04/0510]

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