tiprankstipranks
Seatrium Marine Accelerates Bond Redemption
Company Announcements

Seatrium Marine Accelerates Bond Redemption

Sembcorp Marine (SG:S51) has released an update.

Pick the best stocks and maximize your portfolio:

Seatrium Offshore & Marine Limited, previously Keppel Offshore & Marine Ltd, is set to fully redeem its S$500 million floating rate bonds ahead of the 2026 maturity date, with the process concluding on May 27, 2024. This strategic financial move aims to optimize the company’s borrowing costs and debt structure without negatively impacting its financial health or operations.

For further insights into SG:S51 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskSeatrium Unveils S$100 Million Share Buyback
TipRanks Singapore Auto-Generated NewsdeskSembcorp Marine Settles $108 Million Arbitration
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App