By Marisa Wong
Madison, Wis., Jan. 17 - Ezion Holdings Ltd. said it plans to issue S$50 million of 4.85% five-year notes.
DBS Bank Ltd. is the lead manager and bookrunner for the offering.
This is the fifth series of notes to be issued under the company's S$500 million multicurrency debt issuance program established on May 9, 2012.
The notes will be issued at par and are expected to settle on Jan. 23.
Proceeds from the series 005 notes will be used for general corporate purposes, including the financing of investments in offshore and marine assets.
Based in Singapore, Ezion specializes in marine logistics and support for the offshore oil and gas industries.
| Issuer: | Ezion Holdings Ltd.
|
| Issue: | Series 005 notes
|
| Amount: | S$50 million
|
| Maturity: | Jan. 23, 2019
|
| Bookrunner: | DBS Bank Ltd.
|
| Coupon: | 4.85%
|
| Price: | Par
|
| Yield: | 4.85%
|
| Announcement date: | Jan. 17
|
| Settlement date: | Jan. 23
|
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