Ocean Yield completes unsecured bond issueCompany News // April 27, 2015
Ocean Yield has completed an unsecured bond issue of NKr 1,000 million with a maturity date in April 2020, carrying a coupon of three months NIBOR + 4.00 per cent per annum with quarterly interest payments.
The bond issue attracted strong interest and was substantially oversubscribed and closed at the bottom of the indicated price range.
The net proceeds from the bond issue will be used to finance future growth and for general corporate purposes.
Danske Bank Markets, DNB Markets, Nordea Markets and Pareto Securities acted as joint lead arrangers in connection with the placement of the new bond issue.
An application will be made for the bonds to be listed on Oslo Stock Exchange.