Temasek backs SembMarine’s debt refinancing
Singapore’s sovereign wealth fund invests in Sembcorp Industries S$1.5bn bond issue. Semb Industries, the parent group of SembMarine, also taps its resources for another S$500m to bump up the lifeline to the yard to S$2bn
SembMarine will draw down S$1.5bn from the funding to refinance debts and use the remaining S$500m to finance project executions and its corporate requirements
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