Singapore Stock Market News

Ezion Holdings - Credit worthiness affirmed

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Publish date: Thu, 30 Jul 2015, 11:57 AM
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â–  Issuance of 5-year SGD120m notes at low rate of only 3.65%. Notes backed by committed funding facility provided by DBS.

â–  Affirms credit worthiness of Ezion and the bank's confidence it its business despite the oil and gas downcycle.

â–  Maintain BUY and TP of SGD1.55, based on 1.2x FY15 P/BV.
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