By Jennifer Chiou
New York, June 28 - Norway's Ocean Yield AS announced the pricing of NOK 600 million of floating-rate bonds due July 6, 2017.
The bonds bear interest at Nibor plus 650 basis points.
DnB NOR Markets and Pareto Securities were the lead arrangers.
Settlement is anticipated for July 6.
Proceeds will be used for growth and general corporate purposes.
The issuer is a wholly owned subsidiary of Aker ASA, a Stavanger, Norway-based drilling rig operator.
| Issuer: | Ocean Yield AS
|
| Issue: | Floating-rate bonds
|
| Amount: | NOK 600 million
|
| Maturity: | July 6, 2017
|
| Bookrunners: | DnB NOR Markets, Pareto Securities
|
| Coupon: | Nibor plus 650 bps
|
| Announcement date: | June 25
|
| Trade date: | June 28
|
| Settlement date: | July 6
|
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