Pacific International Lines (PIL) has priced SGD 66m ($44m) of three year bonds at 8.5%, according to a regulatory filing.
The new notes were part of a bond exchange offer launched for a SGD $130m 7.25% note that is due to mature in 2018.
The Teo Siong Seng-led liner operator said that SGD 33m, or 25.4%,
