STOCKHOLM, Nov. 26, 2019 /PRNewswire/ -- Ocean Yield ASA ("the Company") has successfully completed a new bond issue of NOK 750 million, carrying a coupon of 3 months NIBOR + 4.25% p.a. with quarterly interest payments. The bond issue attracted strong interest and was well oversubscribed. The net proceeds from the bond issue will be used to partly refinance existing debt, new investments and general corporate purposes of the group.
Danske Bank, DNB Markets, Nordea, Pareto Securities and Skandinaviska Enskilda Banken acted as joint lead managers in connection with the placement of the new bond issue. An application will be made for the bonds to be listed on Oslo Børs.
Company contact:
Eirik Eide (CFO), Tel +47-24-13-01-91
Investor Relations contact:
Marius Magelie (SVP Finance & IR), Tel +47-24-13-01-82
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/ocean-yield/r/successful-placement-of-senior-unsecured-bonds,c2973159
SOURCE Ocean Yield
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.