Singapore's BW Group tenders for any and all 6 5/8% notes due 2017

By Jennifer Chiou

New York, Jan. 14 - BW Group Ltd. announced the start of its cash tender offer for any and all of its 6 5/8% notes due 2017.

The offer will end at 11:50 p.m. ET on Feb. 10.

The company is offering $1,060 per $1,000 principal amount of notes, including an early tender premium of $30.00 for those who tender prior to Feb. 4.

Participating holders will also receive accrued interest.

Settlement is expected no later than Feb. 18.

HSBC Corp. Ltd. is the dealer manager (888 HSBC-4LM; 852 2822 4100; 44 20 7992 6237 or 212 525-5552; liability.management@hsbcib.com). Bondholder Communications Group, LLC is the information and tender agent (888 385-2663; 44 20 7832 4580 or 212 809-2663; bwalker@bondcom.com).

BW is a Singapore-based maritime group. Its subsidiaries operate in the tanker, gas and offshore sectors.

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