The notes will carrya coupon of 8.45% or a hefty 743.5 basis points (bps) over Singapore dollar swapoffer rate (SOR).
HSBCand DBS acted as lead arrangers for the bonds which were issued under RMT’s SGD300m medium-term note (MTN) program launched in December.
RMT, which has amarket cap of about SGD 240m, will use the proceeds for capital expenditure andgeneral corporate purposes.
The shipowner, whichhas a fleet of 16 panamax containerships, has outstanding debts of $428.7m withmaturities dating to 2020.
OnFriday the Singapore-listed business trust reported an 8% year-on-year declinein first quarter net profit to $9.85m.
It attributed the weaker performance to downtimeand higher fuel costs relating to the repositioning of two just chartered toMaersk Line.
