Farstad completes bond issueCompany News // May 17, 2013
Farstad Shipping has successfully completed a NKr 1 billion five-year senior unsecured bond issue.
The settlement date for the bond issue is expected to be 29 May 2013. An application will be made for listing of the bond on Oslo Stock Exchange.
In conjunction with the new bond issue, Farstad Shipping has repurchased bonds with a nominal value of NKr 182.5 million in the existing bond issue FAR02 PRO maturing in September 2013.
The net proceeds from the bond issue will be used for general corporate purposes including refinancing of existing debt.
DNB Markets, Nordea Markets and Swedbank First Securities acted as joint lead managers for the bond issue.