Miclyn Express sets up S$500 million multicurrency MTN program

By Jennifer Chiou

New York, Dec. 22 – Miclyn Express Offshore Ltd. announced that it has established a S$500 million multicurrency medium-term note program.

DBS Bank Ltd. is the arranger and dealer of the program.

Proceeds will be used for general corporate purposes, which may include refinancing existing borrowings and financing capital expenditure.

Singapore-based Miclyn Express is a provider of service vessels to the offshore oil and gas industry across Southeast Asia, Australia and the Middle East.

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