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HomeMaritime NewsRegionsAsiaSwiber prices $58m under notes programme

Swiber prices $58m under notes programme

Swiber prices $58m under notes programme
Singapore: Swiber Holdings announced on Thursday it has priced S$75m ($58m) in principal amount of 6.25% fixed rate notes due 2015 under its S$700m multicurrency medium term note programme.

The issue date of the notes is expected to be on 8 June 2012.

“The net proceeds arising from the issue of the notes, after deducting issue expenses, will be used for the purpose of refinancing the issuer's and its subsidiaries' debt obligations,” Swiber said.

Australia and New Zealand Banking Group Limited has been appointed as sole lead manager and bookrunner of the notes.

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