Asia

Logindo raises $37m from bonds

Singapore: Indonesia’s Logindo Samudramakmur has raised S$50m from a bond issue in Singapore.

The five-year notes carry a coupon of 2.93% and are now listed on the Singapore Stock Exchange.

Singaporean company United Overseas Bank (UOB) acted as lead manager and bookrunner.

OSV operator Logindo listed in Jakarta at the end of 2013 and has since gone on a significant fleet expansion spree, especially in the AHTS sector.  [06/02/15]

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