By Rebecca Melvin
New York, May 22 – Aker Solutions ASA priced NOK 1 billion of five-year senior bonds with a coupon of Nibor plus 300 basis points, according to a company press release Wednesday.
The issue was “considerably oversubscribed,” the release stated.
In connection with the new issue, the company bought back NOK 168 million of outstanding bonds due October 2019 at a price of 101.31.
Proceeds from the issuance is earmarked to refinance debt and for general corporate purposes.
DNB Markets, Nordea, SEB and Swedbank acted as joint lead managers for the issue, which will be listed on the Oslo Stock Exchange.
Lysaker, Norway-based Aker Solutions is a provider of products, systems and services for the oil and gas industry.
| Issuer: | Aker Solutions ASA
|
| Issue: | Senior bonds
|
| Amount: | NOK 1 billion
|
| Maturity: | June 2024
|
| Joint lead managers: | DNB Markets, Nordea, SEB and Swedbank
|
| Coupon: | Nibor plus 300 bps
|
| Announcement date: | May 22
|
| Settlement date: | June 3
|
| Listing: | Oslo Stock Exchange
|
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