By Marisa Wong
Madison, Wis., Sept. 19 – Falcon Energy Group Ltd. announced it issued S$50 million of 5˝% fixed-rate notes due 2017 under its S$500 million multicurrency medium-term note program established on Sept. 8.
CIMB Bank Bhd. and Standard Chartered Bank are the joint lead managers for the series 001 notes.
The series 001 notes were priced at par and are callable at 102.75 on the fourth or fifth coupon payment date. Interest is payable semiannually on the three-year notes.
Proceeds will be used for general corporate purposes, including financing investments, general working capital and capital expenditure requirements.
Singapore-based Falcon Energy is an investment holding company that provides support services for the offshore marine and oil and gas industries.
| Issuer: | Falcon Energy Group Ltd.
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| Issue: | Fixed-rate medium-term notes, series 001
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| Amount: | S$50 million
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| Maturity: | Sept. 19, 2017
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| Coupon: | 5˝%, payable semiannually
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| Price: | Par
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| Yield: | 5˝%
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| Call option: | At 102.75 on fourth or fifth coupon payment date
|
| Managers: | CIMB Bank Bhd. and Standard Chartered Bank
|
| Settlement date: | Sept. 19
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