Chicago, Nov. 12 – Teekay LNG Partners LP priced NOK 1 billion of five-year senior bonds in the Norwegian market on Wednesday, according to a news release.
All payments will be swapped into U.S. dollars with a fixed-rate coupon of 6.37%.
The issuance was significantly oversubscribed, the company reported.
DNB Markets, Nordea, Danske Bank, SEB, Swedbank and Credit Agricole CIB were the joint lead managers.
Proceeds will be used for general partnership purposes.
The bonds will be listed on the Oslo Stock Exchange.
Teekay is a Hamilton, Bermuda-based crude oil transporter.
| Issuer: | Teekay LNG Partners LP
|
| Issue: | Senior bonds
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| Amount: | NOK 1 billion
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| Maturity: | November 2026
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| Bookrunners: | DNB Markets, Nordea, Danske Bank, SEB, Swedbank and Credit Agricole CIB
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| Coupon: | 6.37%
|
| Trade date: | Nov. 10
|
| Settlement date: | Nov. 18
|
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