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Swiber says makes principal payment on S$130m Bonds

[SINGAPORE] Swiber Holdings Ltd,  which helps build offshore oil platforms, said it has redeemed in full the S$130 million of 5.125 per cent bonds due Monday.

The payment "is not expected to have a material impact on the net tangible assets or earnings per share" for the financial year ending 31 December, the company said in a filing with the Singapore stock exchange. Swiber has another bond deadline on July 6, when its S$75 million of 7 per cent securities mature.