Norway's Sevan Marine considers issuing four-year unsecured bonds

By Paul A. Harris

St. Louis, Dec. 6 - Sevan Marine ASA is contemplating a senior unsecured bond issue maturing in December 2014 directed toward professional Norwegian and international investors, according to a Monday press release.

First Securities and Pareto Securities will be the joint lead managers and joint bookrunners.

Arctic Securities, Fearnley Fonds and ING Commercial Banking are the co-lead managers.

The Norwegian offshore drilling company will use the proceeds for general corporate purposes.

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