By Paul A. Harris
Portland, Ore., Jan. 11 – Aker Solutions ASA priced NOK 1.5 billion of three-month Nibor plus 315 basis points senior unsecured notes, according to a press release issued on Thursday.
The deal was substantially oversubscribed, the release stated.
“We are very pleased with a well-executed placement,” Aker chief financial officer Svein Stoknes stated in the release.
“We have seen solid investor interest and achieved competitive terms that reflect Aker Solutions' strong credit.”
DNB Markets, Nordea, SEB and Swedbank were the joint lead managers.
The Fornebu, Norway-based oil services company plans to use the proceeds for general corporate purposes.
| Issuer: | Aker Solutions ASA
|
| Amount: | NOK 1.5 billion
|
| Maturity: | July 2022
|
| Securities: | Senior unsecured bonds
|
| Joint lead managers: | DNB Markets, Nordea, SEB and Swedbank
|
| Coupon: | Three-month Nibor plus 315 bps
|
| Announcement date: | Jan. 11
|
| Settlement date: | Jan. 25
|
| Listing: | Oslo Stock Exchange
|
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