By Susanna Moon
Chicago, Oct. 3 - Perisai Petroleum Teknologi Bhd. said wholly owned subsidiary Perisai Capital (L) Inc. issued S$23 million of 6 7/8% three-year notes under its S$700 million multicurrency medium-term note program.
The notes will be guaranteed by Perisai Petroleum.
Credit Suisse (Singapore) Ltd., DBS Bank Ltd. and Overseas-Chinese Banking Corp. Ltd. are the joint lead managers.
The notes will be listed on the Singapore Exchange on Oct. 4.
Proceeds will be on-lent by the issuer to the company for general corporate purposes, including financing potential acquisitions, strategic expansions, general working capital, capital expenditure and investments and refinancing existing borrowings.
As previously announced, Perisai established a S$700 million multicurrency MTN program on Aug. 19 with Credit Suisse (Singapore) Ltd. as the arranger.
Perisai is a Kuala Lumpur-based company engaged in the manufacture, supply, commissioning and installation of corrosion control products for marine and oil and gas industries.
Issuer: | Perisai Capital (L) Inc.
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Guarantor: | Perisai Petroleum Teknologi Bhd.
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Issue: | Notes
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Amount: | S$23 million
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Maturity: | Oct. 3, 2016
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Coupon: | 6 7/8%
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Lead managers: | Credit Suisse (Singapore) Ltd., DBS Bank Ltd., Overseas-Chinese Banking Corp. Ltd.
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Co-lead managers: | DNB Bank ASA, Singapore Branch, HL Bank
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Announcement date: | Oct. 3
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