Singapore: Singaporean offshore player Ezra Holdings yesterday issued S$150m in fixed rate subordinated perpetual securities. DBS Bank and HSBC have been appointed as dealers of the securities. The extra funds will be ploughed into offshore opportunities as they arise, the company says.
Ezra issued S$200m of 5%, three-year fixed rate notes on September 7.
Ezra's managing director, Lionel Lee, said: "By diversifying our sources of funding and extending our debt maturity profile, it positions the group well ahead of any global uncertainties and allows Ezra to take advantage of the many opportunities we see in subsea construction and offshore support services." [19/09/12]