By Angela McDaniels
Tacoma, Wash. Jan. 13 – Odfjell SE priced NOK 700 million of bonds due January 2021, according to a company news release.
Danske Bank Markets and DNB Markets acted as joint lead managers.
The company said the issue was substantially oversubscribed.
Proceeds will be used for general corporate purposes, including partially refinancing existing bonds and potential future growth opportunities.
In conjunction with the bond issue, the company repurchased NOK 119.5 million of its floating-rate senior bonds due April 11, 2017 at 101.
Odfjell is a shipping and tank terminal company based in Bergen, Norway.
| Issuer: | Odfjell SE
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| Issue: | Bonds
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| Amount: | NOK 700 million
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| Maturity: | January 2021
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| Lead managers: | Danske Bank Markets and DNB Markets
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| Announcement date: | Jan. 13
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