---
title: "Seatrium raises $400m in debut bond issue, demand 1.7 times covered"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284648065.md"
description: "Seatrium Limited has successfully issued $400 million in fixed-rate notes, with demand 1.7 times the amount offered. The 2.95% notes, due in 2031, are part of a $3 billion multicurrency debt issuance program. Proceeds will be used for refinancing, working capital, and capital expenditures. The issuance attracted interest from institutional investors and is aimed at diversifying funding sources. The notes are set to be listed on the Singapore Exchange on April 29."
datetime: "2026-04-29T21:30:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284648065.md)
  - [en](https://longbridge.com/en/news/284648065.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284648065.md)
---

# Seatrium raises $400m in debut bond issue, demand 1.7 times covered

**This will be used for refinancing, capital spending and working capital under $3b programme.**

Seatrium Limited has completed its inaugural $400m fixed-rate notes issuance, with the order book about 1.7 times covered, the company said.

In a statement, Seatrium said the 2.95% notes, due 2031, were issued under the group’s $3b multicurrency debt issuance programme established in April 2026 where the order book exceeded $670m.

The company said the issuance attracted demand from regional institutional investors, including fund managers, banks and corporates, as well as high net worth individuals.

Seatrium said the notes were priced at the tight end of guidance, reflecting strong investor demand.

Dr Stephen Lu, chief financial officer of Seatrium, said the issuance marks the group’s first drawdown under its debt programme and forms part of its capital structure management strategy.

He added that proceeds will be used for refinancing existing borrowings, working capital, capital expenditure, and general corporate purposes.

Seatrium said the issuance is intended to diversify funding sources and support financial flexibility as it executes its order book and capital allocation plans.

The notes are expected to be listed on the Singapore Exchange Securities Trading Limited (SGX-ST) on 29 April.

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