Stolt-Nielsen talks NOK 1 billion seven-year bonds at 330-350 bps spread

By Susanna Moon

Chicago, March 3 - Stolt-Nielsen Ltd. plans to price NOK 1 billion of senior bonds due March 18, 2021, according to a market source.

Price talk is three-month Nibor plus 330 basis points to 350 bps, the source added.

Nordea Markets, DNB Markets and Swedbank First Securities are the joint lead managers for the Rule 144A and Regulation S deal.

Proceeds will be used for general corporate purposes.

Settlement has been slated for March 18.

The company is a Hamilton, Bermuda-based operator of parcel tankers, tank containers and storage terminals.

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