Rex International Holding Ltd. (SG:5WH) has released an update.
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Rex International Holding’s subsidiary, Lime Petroleum Holding AS, has appointed ABG Sundal Collier ASA as the exclusive manager to facilitate investor meetings for a potential new USD-denominated senior secured bond issue. The proposed bond, with a three-year maturity, aims to refinance existing senior secured bonds and support general corporate activities in Norway and Benin. The initiative is contingent on favorable market conditions and the successful placement of the new bond issue would lead to an early repayment of the current bonds.
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