Swiber’s dim sum move

Singapore: Swiber Holdings has gone down the dim sum route in its latest capital raising exercise.

It has priced RMB450m in principal amount of 7.75% fixed rate notes due 2017.

Net proceeds raised will be used for financing the general working capital and capital expenditure requirements of the group.

The notes, which will be issued under the S$1bn multicurrency debt issuance programme, will mature on September 18, 2017.  [09/09/14]

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