Swiber sells 450m yuan of Lion City bonds

Notes are part of the company's S$1b multi-currency debt programme

Mindy Tan

Mindy Tan

Published Tue, Sep 9, 2014 · 10:00 PM

SWIBER Holdings has sold 450 million yuan (S$92.5 million) of 7.75 per cent offshore renminbi notes due 2017 at par, the offshore construction and support services provider said on Monday night.

The notes are part of Swiber's S$1 billion multicurrency debt programme.

Net proceeds will be used for general working capital and capital expenditure.