Initialguidance says the three-year bonds are set to yield around 8.5%. DBS and HSBChave been appointed as joint leads.
Rickmers,which has a market cap of about SGD 240m ($190m), will use the proceeds forcapital expenditure and general corporate purposes.
InDecember the shipowner established a SGD 300m multi-currency notes (MTN)programme with DBS and HSBC as joint arrangers.
OnFriday the Singapore-listed business trust reported an 8% year-on-year declinein first quarter net profit to $9.85m.
It
