The three year bonds will carry a fixed coupon of 7.75% payable semi-annually in arrears, the Singapore-listed company said.
Swiber said the funds raised would be used for refinancing existing debt, as well as general corporate and working capital purposes.
The bonds will be issued off an existing SGD 1bn multi-currency debt issuance programme, Swiber said in a regulatory filing.
Singapore’s DBS Bank along with ANZ, HSBC and ICBC were the joint bookrunners and the joint lead managers for the bond issue.
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