SGD New Issue Alert : Logindo Samudramakmur
A mouthful of a name but you do not have to remember it.
This is a UOB standby letter of credit paper so just remember it is UOB !!!
Issuer : Logindo Samudramakmur
Coupon : 2.93%
Maturity : 3 Feb 2020
Amount : SGD 50 mio
Rank : Senior Unsecured
PT Logindo Samudramakmur Tbk provides marine services along shorelines and deep waters for the oil and gas industry. The Company offers anchor handling tugs and anchor handling supply vessels, platform supply vessels, diving support and utility vessels, crew boats, patrol boats, landing craft tanks, tug boats, barges, and accommodation work barges.
Listed in Dec 2013 in Jakarta, a subsidiary of Pacific Radiance (49% owned).
Pacific Radiance 4.3% 08/2018 price 93/95.50 6.52/5.71%.