Seatrium to raise $2.4 billion via multicurrency debt program

Seatrium

08/04/2026 16:58

April 8 (Reuters) - Singapore-based shipbuilder Seatrium SEAT.SI is looking to raise S$3 billion ($2.36 billion) through the establishment of a multicurrency debt issuance program.

Here are key details from the company's announcement on Wednesday:

Under the program, the firm may issue notes or perpetual securities in any agreed currency, subject to applicable laws and regulations.

Seatrium has appointed DBS Bank and Standard Chartered Bank (Singapore) as joint arrangers and dealers for the program.

No instruments have been issued under the program as of April 8.

Net proceeds from each issue of instruments under the program are to be used to refinance existing borrowings, among other capital requirements.

($1 = 1.2731 Singapore dollars)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Jonathan Ananda)

((Shivangi.Lahiri@thomsonreuters.com;))