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Published on 1/9/2020 in the Prospect News High Yield Daily.

New Issue: SFL places NOK 600 million five-year bonds at Nibor plus 440 bps

By Wendy Van Sickle

Columbus, Ohio, Jan. 9 – SFL Corp. Ltd. placed NOK 600 million senior bonds due January 2025, according to a news release.

The bonds bear interest at Nibor plus 440 basis points.

DNB Markets, Nordea, Arctic Securities, Danske Bank and SEB are the lead managers.

Proceeds will be used for general corporate purposes.

Formerly known as Ship Finance International Ltd., SFL is an owner and operator of vessels and offshore assets. The company is based in Hamilton, Bermuda.

Issuer:SFL Corp.
Issue:Senior bonds
Maturity:January 2025
Lead managers:DNB Markets, Nordea, Arctic Securities, Danske Bank and SEB
Coupon:Nibor plus 440 bps
Announcement date:Jan. 9

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