The notes will carrya coupon of 8.45% or a hefty 743.5 basis points (bps) over Singapore dollar swapoffer rate (SOR).
HSBCand DBS acted as lead arrangers for the bonds which were issued under RMT’s SGD300m medium-term note (MTN) program launched in December.
RMT, which has amarket cap of about SGD 240m, will use the proceeds for capital expenditure andgeneral corporate purposes.
The shipowner, whichhas a fleet of 16 panamax containerships, has outstanding debts of $428.7m
