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Swiber repurchases S$0.75m of senior perpetual securities

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Swiber Holdings said on Monday it has repurchased S$0.75 million of the principal amount of Senior Perpetual Securities in the open market.

SWIBER Holdings said on Monday it has repurchased S$0.75 million of the principal amount of Senior Perpetual Securities in the open market.

The payment for this will be settled on Tuesday.

Following the settlement, the repurchased securities will be cancelled, Swiber said in a filing to Singapore Exchange.

The remaining outstanding aggregate principal amount of the securities following the cancellation of the repurchased securities would be S$79.25 million.

The announcement comes after Swiber in September 2012 issued an aggregate principal amount of S$80 million 9.75 per cent Senior Perpetual Securities.

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