By Jennifer Chiou
New York, May 4 - Electromagnetic Geoservices ASA announced the pricing of NOK 250 million of floating-rate bonds due May 2014.
The interest rate is Nibor plus 700 basis points.
Arctic Securities and First Securities AS ran the books for the offering, which is expected to settle on May 26.
Proceeds will be used to refinance existing debt and for general corporate purposes.
Oslo-based Electromagnetic Geoservices uses its proprietary electromagnetic technology to help oil and gas companies find offshore hydrocarbons.
| Issuer: | Electromagnetic Geoservices ASA
|
| Issue: | Bonds
|
| Amount: | NOK 250 million
|
| Maturity: | May 2014
|
| Arrangers: | Arctic Securities and First Securities AS
|
| Coupon: | Nibor plus 700 bps
|
| Settlement date: | May 26
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
