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Singapore’s Swiber buys back more 9¾% senior perpetual securities
By Marisa Wong
Madison, Wis., July 21 – Swiber Holdings Ltd. said it repurchased an additional S$250,000 of its 9¾% senior perpetual securities in the open market.
The company made similar buybacks in May, June and earlier this month, according to a press release.
The latest repurchased notes settled on Tuesday. Following cancellation of the repurchased notes, there will be S$77.25 million principal amount outstanding.
The Singapore-based offshore oil and gas company issued S$80 million of the 9¾% perpetual notes on Sept. 25, 2012.
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