Rickmers Maritime establishes S$300m medium term note programme

Singapore: Singapore-listed Rickmers Maritime has established a S$300m multicurrency medium term note programme with DBS and HSBC appointed as joint arrangers and dealers of the programme.

Net proceeds will be used to finance capital expenditures and for general corporate purposes. 

Thomas Preben Hansen, ceo of Rickmers Trust Management, commented, “On top of our move to strengthen our balance sheet over the past quarters, this better positions us to capitalise on growth opportunities as and when they occur.” [20/11/13]

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