02 August 2013
Further to the announcement dated 29 July 2013, the Board of Directors of Swiber Holdings Limited (the "Company") wishes to announce that Swiber Capital Pte. Ltd. (the "Issuer"), a special purpose vehicle wholly owned by the Company, has today issued S$150 million in principal amount of 6.50% fixed rate trust certificates due 2018 (the "Trust Certificates") pursuant to its US$500,000,000 Multicurrency Islamic Trust Certificates Issuance Programme (the "Programme") under the Shariah financing principle of Wakalah Bi Al-Istithmar. This is the inaugural issue under the Programme.
Further to the announcement dated 29 July 2013, the Board of Directors of Swiber Holdings Limited (the "Company") wishes to announce that Swiber Capital Pte. Ltd. (the "Issuer"), a special purpose vehicle wholly owned by the Company, has today issued S$150 million in principal amount of 6.50% fixed rate trust certificates due 2018 (the "Trust Certificates") pursuant to its US$500,000,000 Multicurrency Islamic Trust Certificates Issuance Programme (the "Programme") under the Shariah financing principle of Wakalah Bi Al-Istithmar. This is the inaugural issue under the Programme.
Approval in-principle has been received from the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of the Trust Certificates on the SGX-ST. Such approval and admission to the Official List of the SGX-ST and quotation of the Certificates on the SGX-ST is not to be taken as an indication of the merits of the Issuer, the Company, the Company's subsidiaries and associated companies (if any), the Programme or such Trust Certificates The Trust Certificates are expected to be admitted to the Official List of the SGX-ST with effect from9.00 a.m. on 5 August 2013.
-Ends-
© Press Release 2013
