Floatel International Ltd, founded in 2006 and headquartered in Singapore, specializes in providing floating accommodation and support vessels to the oil and gas industry. The company’s fleet offers versatile and sustainable solutions for offshore operations, catering to the needs of major oil companies around the globe.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FLOAT 9.75% 2029-04-10 USDFloatel International Ltd | Bermuda | 2029-04-10 | 9.750 | 15.04 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Floatel International began issuing corporate bonds in 2011 as a means to finance its expansion and acquisitions. A notable issuance occurred in 2017, where the company launched a bond yielding 6.75%, which attracted significant investor interest due to its robust backing and strategic positioning in the offshore sector. Currently, Floatel’s bond yields are competitive within the industry, reflecting solid creditworthiness and management strategies, while its bonds also feature attractive repayment terms linked to operational performance metrics.