Seatrium raises $400m in debut bond issue, demand 1.7 times covered
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Seatrium Limited has successfully issued $400 million in fixed-rate notes, with demand 1.7 times the amount offered. The 2.95% notes, due in 2031, are part of a $3 billion multicurrency debt issuance program. Proceeds will be used for refinancing, working capital, and capital expenditures. The issuance attracted interest from institutional investors and is aimed at diversifying funding sources. The notes are set to be listed on the Singapore Exchange on April 29.
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