Brief: Japan's Modec Issued $1.1 Bln In Bonds To Fund A Brazilian Offshore Project - Nikkei

Modec

14/08/2019 20:49

Aug 15 (Reuters) - NIKKEI : 
    * JAPAN'S MODEC, A UNIT OF MITSUI E&S HOLDINGS, HAS ISSUED
$1.1
BILLION IN BONDS TO FUND A BRAZILIAN OFFSHORE PROJECT
    * MODEC UNIT THAT OWNS THE FLOATING PLATFORMS IN THE
BRAZILIAN
PROJECT ISSUED THE BONDS MONDAY ON THE SINGAPORE EXCHANGE 
    * PROCEEDS WILL GO TOWARD REPAYING ROUGHLY $890 MILLION IN
PROJECT
FINANCING FROM MUFG BANK AND OTHER JAPANESE BANKS AHEAD OF
SCHEDULE 

Source text: [ID:https://s.nikkei.com/2H50FfU]
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