The offshore vesseloperator said in a statement to the Singapore Stock Exchange (SGX) that it had priceda SGD 60m ($47.5m) bond issue.
Australiaand New Zealand Banking Group has been appointed as the sole lead manager and bookrunnerfor the notes.
The notes, which are due to mature in November 2016, willcarry a coupon of 7.25% per annum payable semi-annually in arrears.
The bonds are expected to be issued on 22 May under Vallianz's SGD 500m multi-currency debt issuance programme which was established inMarch 2014.
Proceeds from the fund raiser will go towards generalcorporate purposes, which will include refinancing and capital expenditure.
In March Vallianz raised SGD 100m from a two-year bondissue with a coupon of 7.2%. Singapore’s DBS was the sole leadmanager and bookrunner.
Vallianz is listed onSingapore’s sponsor-supervised listing board Catalist, which is modeled on theLondon Stock Exchange's Alternative Investment Market (AIM).
