Seatrium has applied to the Singapore Exchange Securities Trading Limited for permission to deal in, and for a quotation of the notes on the Singapore stock exchange.
Seatrium Financial Services, a subsidiary of offshore and marine player Seatrium is launching $400 million of notes at a fixed annual rate of 2.95% according to a bourse filing on April 20.
The inaugural offering of Series 001 Notes, expected to be issued on April 28 and mature on the same date in 2031, are issued in denominations of $250,000 and are part of the $3 billion multicurrency programme announced earlier by Seatrium.
