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Marco Polo Marine seeks fresh funds

Marco Polo Marine seeks fresh funds
Singapore-based Marco Polo Marine has established a SGD300,000 ($239,000) multicurrency medium term note programme to raise fresh funds.

The offshore marine logistics company said the net proceeds from the issue of the notes will be used for general corporate purposes including refinancing of borrowings, and financing investments and general working capital.

Marco Polo Marine has appointed Singapore's DBS Bank as the sole arranger and dealer of the programme.

Singapore-listed Marco Polo Marine said the notes may be issued in various amounts and tenors, and may bear interest at a fixed, floating, variable or hybrid rate.