-- Seatrium's (SGX:5E2) issuance of SG$400 million bonds due 2031 was 1.7 times oversubscribed, backed by strong demand, with the order book exceeding SG$670 million, according to a Tuesday filing with the Singapore Exchange.
Shares of the offshore and energy solutions company were down under 1% in Wednesday trading.
The bonds carry a fixed interest rate of 2.95% and are part of the company's SG$3 billion multicurrency debt issuance program.
The bonds are expected were listed on April 29.