Rare international bond by Singaporean company

Singapore-owned and based International SOS has re-financed its bank borrowings through a private placement targeted at US investors.

Completed at the end of last week, the $78 million transaction was led by JP Morgan, with a four tranche structure. This comprised: one $28 million tranche of three year paper; a $7.5 million tranche of four year paper; a $20 million tranche of five year paper and; a $23 million tranche of 10 year paper.

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