Exmar offers to exchange 2014/2017 krone bonds for dollar bonds

By Wendy Van Sickle

Columbus, Ohio, June 20 – Exmar NV offered to exchange its senior unsecured bond issue 2014/2017 denominated in Norwegian krone for U.S. dollar-denominated bonds, according to a notice.

The issuer is offering a consideration of a step-up of 50 basis point in the margin from 800 bps for the krone bonds to 850 bps for the dollar bonds.

The dollar bonds will be issued on July 17 based on the exchange rate published by Norges Bank as of 4 a.m. ET on June 29.

Bondholders willing to accept the exchange offer must submit an acceptance form by 6 a.m. ET on June 29.

A bondholders meeting on the matter will be held on June 27.

DNB Markets (attn.: bond syndicate desk, bond.syndicate@dnb.no), Pareto Securities (attn.: Marcus Rosen, Marcus.Rosen@paretosec.com), Nordea (attn.: Nicolai Bratt, Nicolai.bratt@nordea.com) or SEB (attn.: Peter Rohn, peter.rohn@seb.no) are to be contacted for information.

Exmar NV is a Belgian company that transports gas and, in particular, liquefied gases.

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