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Swiber in $120m notes issue

Swiber in $120m notes issue

Singapore: Swiber Holdings is set to issue $120m in bonds as part of its $500m medium term notes programme. The fixed rates notes due in 2014 will bear an interest rate of 5.6% a year. DBS Bank is sole lead manager and bookrunner for the notes issue with the maturity date expected to be 25 July 2014. Swiber said the funds raised would be used for working capital, capital expenditure and refinancing of existing debt. [13/01/11]

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