Aker Drilling announces NOK 1.5 billion offering of five-year bonds

By Paul A. Harris

Portland, Ore., Jan. 24 - Norway's Aker Drilling ASA announced in a Monday press release that it plans to issue NOK 1.5 billion of five-year senior bonds.

DnB NOR Markets, Nordea Markets, Pareto Securities and SEB Merchant Banking have been tapped to arrange the sale.

The Stavanger, Norway-based drilling rig operator will use the proceeds to call its outstanding bonds at 104.50, as well as to repay its existing subordinated loans to Aker ASA, and for general corporate purposes.

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