By Wendy Van Sickle
Columbus, Ohio, July 29 – Ezion Holdings Ltd. said it priced S$120 million of 3.65% committed funding-backed notes due Aug. 5, 2020 on Wednesday.
The notes will be issued under the company’s S$1.5 billion multicurrency debt issuance program.
DBS Bank Ltd. is the lead manager and bookrunner for the offering.
Proceeds will be used for general corporate purposes, including the refinancing of existing borrowings and financing of investments, and general working capital.
The securities are expected to be issued on Aug. 5.
Singapore-based Ezion specializes in marine logistics and support for the offshore oil and gas industries.
| Issuer: | Ezion Holdings Ltd.
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| Issue: | Committed funding-backed notes
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| Amount: | S$120 million
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| Maturity: | Aug. 5, 2020
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| Coupon: | 3.65%
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| Bookrunner: | DBS Bank Ltd.
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| Pricing date: | July 29
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| Settlement date: | Aug. 5
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