SWIBER HOLDINGS LIMITED OFFSHORE CNY 3-YEAR

Issuer: Swiber Holdings Limited
Issuer / Issue Ratings: Unrated
Status: Fixed Rate, Senior Unsecured Notes
Format: Reg S Bearer form off the S$1,000,000,000 Multicurrency Debt Issuance Programme
Denomination: In the denomination of CNY1,000,000 x CNY10,000, to be represented by a permanent global note
Tenor: 3 Year
Currency: Offshore CNY
Issue Size: CNY Benchmark
Price Guidance: 7.75% area
Selling Restrictions: Reg S; Singapore (Sections 274 and 275 of the Securities and Futures Act (Cap. 289))
Clearing Systems: CDP with linkage to Euroclear/Clearstream
Listing: SGX-ST
Governing Law: Singapore Law

Swiber tries to borrow CNH in a new bond issue and they have to rush because soon Singaporean investors will have to “opt in” as accredited investors to buy bonds and the people who buy Swiber are Singaporeans of course (86% of their last issue went to Private Banks and 97% of the issue was sold ...