Published on 7/23/2014 in the Prospect News Emerging Markets Daily.
New Issue: Singapore’s Otto Marine prices S$70 million 7% notes due 2016 at par
By Christine Van Dusen
Atlanta, July 23 – Singapore’s Otto Marine Ltd. sold S$70 million two-year notes at par to yield 7% on Wednesday, a market source said.
BNP Paribas, DBS Bank and Oversea-Chinese Banking Corp. Ltd. were the bookrunners for the deal.
Based in Singapore, Otto Marine constructs, charters and leases vessels.
| Issuer: | Otto Marine Ltd.
|
| Amount: | S$70 million
|
| Maturity: | Aug. 1, 2016
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, DBS Bank, Oversea-Chinese Banking Corp. Ltd.
|
| Coupon: | 7%
|
| Price: | Par
|
| Yield: | 7%
|
| Trade date: | July 23
|
| Settlement date: | Aug. 1
|
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