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Published on 11/7/2011 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Cyprus' Songa launches NOK 1.4 billion maximum five-year floater

By Paul A Harris

Portland, Ore., Nov. 7 - Songa Offshore SE launched a NOK 1.15 billion to 1.4 billion offering of Nibor/Swap plus 10% five-year senior bonds on Monday, according to a press release from the company.

A brief subscription period is scheduled to end on Tuesday.

First Securities, Nordea Markets and Pareto Securities are the joint lead managers.

Songa is a Limassol, Cyprus-based offshore drilling company.


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