BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Vopak concludes S$225m notes issuance

23 Nov 2010 18:34 GMT

Terminal operator secures second private placement notes isssuance in Asia.



Royal Vopak (Vopak) has announced that it has concluded its second senior unsecured notes issuance in the Asian private placement market. The SGD 225 million raised will be used to fund Vopak’s growth strategy.

The SGD 225 million notes, in which seven Asian institutional investors are participating, have a ‘bullet maturity’ of 7.2 years and a fixed interest rate of 4%. DBS Bank Ltd. (DBS) acted as sole lead manager and bookrunner on the transaction.

Several of the Asian investors that participated in the first program, including DBS, also participated in the second issuance.

After this new Issuance, Vopak’s further enhanced debt maturity profile - with original durations between 5 to 20 years - consists of approximately USD 1.4 billion US private placement notes, SGD 435 million Asian note programs and a EUR 1 billion revolving credit facility, which is almost fully available for drawdown.

Jack de Kreij, Vice-Chairman of the Executive Board and Chief Financial Officer of Vopak said: ‘The focus of our strategic finance funding policy is to ensure flexible access to various capital markets and funding sources to support Vopak’s growth strategy, facilitating a continuous balanced and well-spread debt maturity profile at appropriate terms and conditions matching Vopak’s solid credit quality.

"We are very pleased to note that besides the valued long standing relationship with the robust US private placement market we are also experiencing positive interest from the Asian capital markets in our company enabling us to establish a comparable position in this important growth region step by step."




Related Links:

Vopak concludes S$210m notes issuance
Vopak to issue US$680m Notes Program
Vopak announces agreement for EUR 110 million growth capital
Vopak to repurchase shares by June 2010
Netherlands

Latest News:

Second large LNG-powered bulker launched for ESL Shipping
MHI targets development of gas-fuelled ships
Wartsila in maintenance deal for eight LNGCs running on dual-fuel engines
Kandla invites bids to provide shore power to ships: source
Brent dropped as traders apparently went for profit-taking
Oil and fuel oil hedging market update
Peninsula Petroleum to launch bunker supply operation in LA/Long Beach
Europe's first LNG bunkering pontoon enters construction phase
Clean Marine secures EGCS contract for seven chemical tankers
EIA inventory stats showing same tendency as API, but with less magnitude
Oil and fuel oil hedging market update
NCL completes scrubber retrofits for two cruise ships




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Events
Upcoming Events