By Marisa Wong
Madison, Wis., Sept. 16 - Ezra Holdings Ltd. announced it issued S$25 million of 5% notes due 2015 on Monday.
The notes make up the second tranche of the first series under the company's $500 million multicurrency debt issuance program established on Aug. 28, 2012. Ezra issued the initial tranche of first series notes, totaling S$200 million, on Sept. 7, 2012.
The new notes will have substantially the same terms and conditions as the series 1 tranche 1 notes.
Australia and New Zealand Banking Group Ltd. is the dealer for the series 1 tranche 2 notes.
Proceeds will be used for general working capital, for corporate purposes and to refinance existing borrowings.
The new notes are expected to be listed on the Singapore Exchange Securities Trading Ltd. on Tuesday.
Ezra is a Singapore-based provider of offshore support for the oil and gas industry.
| Issuer: | Ezra Holdings Ltd.
|
| Issue: | Fixed-rate notes, series 1 tranche 2
|
| Amount: | S$25 million
|
| Maturity: | Sept. 7, 2015
|
| Coupon: | 5%
|
| Dealer: | Australia and New Zealand Banking Group Ltd.
|
| Settlement date: | Sept. 16
|
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