Seatrium Limited announced the successful closing of its inaugural SGD 400 million, 2.95% fixed rate notes due 2031 (the "Notes") under its SGD 3 billion Multicurrency Debt Issuance Programme (the "Programme") established on 8 April 2026. This issuance marks Seatrium's first drawdown under the Programme, reflecting continued market confidence in the Group's credit profile, financial discipline and long-term growth strategy. The issuance attracted strong demand from a select group of high-quality regional institutional investors, including fund managers, banks and corporates, as well as high net worth individuals, amongst others.
The order book exceeded SGD 670 million, representing a robust coverage of around 1.7 times, with the Notes priced at the tight end of guidance. The strong investor demand and competitive pricing outcome in this inaugural issuance underscore the market's recognition of Seatrium's strong credit quality. This inaugural drawdown under the Programme represents a significant milestone in Seatrium's capital structure optimisation strategy, further diversifying the Group's funding sources and enhancing financial flexibility as it executes against its robust order book and maintains disciplined capital allocation.
The proceeds will mainly be used to refinance existing borrowings, support working capital and capital expenditure requirements and/or other general corporate purposes of the Group.
