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Jurong Shipyard sells longer dated bonds

S$275m tranche has tenure of 7 years; S$325m tranche has 15-year duration

JURONG Shipyard, a wholly owned unit of Sembcorp Marine, has sold S$600 million bonds, with one tranche having a 15-year tenure, a long duration not seen in recent years for non-bank corporate issuers. The debt issue by Jurong Shipyard offered two tenures - seven years for S$275 million and 15