By Marisa Wong
Madison, Wis., Sept. 5 - Ezion Holdings Ltd. said it priced S$125 million of 7.8% subordinated perpetual securities on Wednesday.
Australia and New Zealand Banking Group Ltd. and DBS Bank Ltd. are the joint lead managers and bookrunners for the offering.
The perpetual securities will be issued under the company's S$500 million multicurrency debt issuance program established on May 9.
Proceeds will be used for general corporate purposes, including the financing of investments in offshore and marine assets.
The securities are expected to be issued on Sept. 14.
Based in Singapore, Ezion specializes in marine logistics and support for the offshore oil and gas industries.
| Issuer: | Ezion Holdings Ltd.
|
| Issue: | Subordinated perpetual securities
|
| Amount: | S$125 million
|
| Maturity: | Perpetual
|
| Coupon: | 7.8%
|
| Bookrunners: | Australia and New Zealand Banking Group Ltd. and DBS Bank Ltd.
|
| Pricing date: | Sept. 5
|
| Settlement date: | Sept. 14
|
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