Issuer: Jurong Shipyard Pte Ltd
Guarantor: Sembcorp Marine Ltd
Status: Direct, unconditional, unsubordinated and unsecured Notes
Rating: Unrated
Format: Reg S, S274 & 275 of Singapore SFA, issued off the SGD2 billion Multicurrency Multi-Issuer Debt Issuance Programme
Tenure: 7 Years & 15 Years
Issue Size: Benchmark
Initial Pricing Guidance: 7 Years: Low 3% & 15 Years: 4% area
Payment: Semi-annual, actual/365 (fixed)
Redemption for Taxation Reasons: Yes, in accordance with the Programme
Details: SGD250K/MTN Programme/Singapore Law/CDP
Listing: SGX-ST
- New SGD 7 and 15 yrs announced for Jurong Shipyard Pte Ltd, guaranteed by Sembcorp Marine Ltd. Deal is strongly anchored.
- Initial price guidance: 7 years at low 3% & 15 Years at 4% area
- Issue size: Benchmark
- Timing: This week’s business, as early as today
Comps:
Sembcorp Financial Services 3.7325% 04/2020 105.65, 2.64%
Sembcorp Financial Services 3.64% 05/2024 102.00, 3.40%
Sembcorp ......