10 Sep 2014

Issuance of S$275,000,000 2.95% Fixed Rate Notes Due 2021 and S$325,000,000 3.85% Fixed Rate Notes Due 2029 Under the S$2,000,000,000 Multicurrency Multi-issuer Debt Issuance Programme

Sembcorp Marine Ltd (the “Company”) wishes to announce that Jurong Shipyard Pte Ltd (the “Issuer”), a wholly owned subsidiary of the Company, has today issued the following notes (the “Notes”) under the S$2,000,000,000 Multicurrency Multi-Issuer Debt Issuance Programme (the “Programme”) established by the Company, the Issuer, Sembawang Shipyard Pte Ltd (“SSPL”) and SMOE Pte Ltd (“SMOE”).

DBS Bank Ltd. has been appointed as the sole lead manager and bookrunner of the Notes.

The payment obligations of the Issuer under the Notes will be unconditionally and irrevocably guaranteed by the Company.

The principal terms of the Notes are as follows:

The Notes are offered pursuant to exemptions invoked under Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore.

The net proceeds from the issue of the Notes (after deducting issue expenses) will be used for capital expenditure and working capital requirements of the Issuer.

Approval in principle has been received from the Singapore Exchange Securities Trading Limited (the “SGX-ST”) for the listing and quotation of the Notes on the Official List of the SGX-ST, and the Notes are expected to be admitted to the Official List of the SGX-ST with effect from 9.00 am on or around 11 September 2014. Admission to the Official List of the SGX-ST is not to be taken as an indication of the merits of the Company, the Issuer, SSPL, SMOE, the Programme or the Notes.

Sembcorp Marine Ltd

10 September 2014

For the complete PDF version of this release, please click here.

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