Ocean Yield mandates banks ahead of possible krone-denominated offering of five-year bonds

By Paul A. Harris

Portland, Ore., May 11 – Ocean Yield ASA mandated DNB Markets, Danske Bank, Fearnley Securities, Nordea and SEB to arrange a series of fixed income investor meetings in the Nordic region starting Monday, according to a company press release.

DNB will be the global coordinator.

A krone-denominated senior unsecured bond with a five-year tenor may follow, the Friday press release stated.

Proceeds will be used to partly refinance outstanding bonds and for general corporate purposes.

Ocean Yield is a Lysaker, Norway, owner of ships in the oil service and industrial shipping sectors.

© 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.