Pacific Radiance establishes giant debt issuance programme

Singapore: OSV player Pacific Radiance has established a S$1bn multicurrency debt issuance programme. DBS and OCBC have been appointed as joint arrangers and dealers of the programme.

The net proceeds will be used for capital expenditure, to finance the investments, to refinance the existing borrowings and for the general working capital purposes of the group, Pacific Radiance said in a release.  [15/08/14]

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