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Ezion sells S$120m notes at 3.65%

Innovative structure working like a bank guarantee helps the company reduce the interest rate on the bonds


OFFSHORE oil and gas provider Ezion Holdings has sold S$120 million five-year bonds at 3.65 per cent, with the notes backed by an innovative structure which works like a guarantee from DBS Bank.

Orders for the issue on Wednesday came to an amazing S$1.5 billion - or 12.5