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Singapore's Swiber issues S$150mil sukuk through Maybank KE


SINGAPORE: Singapore's Swiber Holdings Ltd's subsidiary, Swiber Capital Pte Ltd, has, through Maybank Kim Eng, successfully issued its inaugural S$150 million five-year sukuk at a fixed periodic distribution rate of 6.50%.

The sukuk issuance is the first drawdown from the oil-field services company's newly established US$500mil Multi-Currency Islamic Trust Certificates Issuance Programme and marks Swiber out as one of the first few Singaporean corporations with a sukuk offering.

   

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