By Marisa Wong
Morgantown, W.Va., Oct. 7 – Indorama Ventures PCL announced it issued its first overseas senior bonds totaling S$195 million to institutional investors in Singapore.
The bonds (AA//) were issued through wholly owned subsidiary IVL Singapore Pte. Ltd.
The bonds have a maturity of 10 years and carry a coupon of 3.73%.
Proceeds will be used for working capital and for general corporate purposes.
Indorama is a Bangkok-based vertically integrated polyester chain producer and wool yarns manufacturer.
| Issuer: | IVL Singapore Pte. Ltd.
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| Issue: | Senior bonds
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| Amount: | S$195 million
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| Maturity: | 10 years
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| Coupon: | 3.73
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| Announcement date: | Oct. 7
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| Rating: | S&P: AA
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