All the bonds were redeemed at par and will now be cancelled, the Singapore-listed marine services provider added.

The issue was sold in September 2012 as Ezion's first hybrid. It sold a second SGD 150m 7% hybrid last year that is due for redemption in November 2018.

Ezion is the third Singapore offshore company to redeem a major bond issue in as many weeks following the likes of Ezra and Swiber.