By Marisa Wong
Morgantown, W.Va., Sept. 7 – Odfjell SE priced NOK 500 million of five-year bonds with a coupon of three-month Nibor plus 550 basis points, according to a company news release.
Clarksons Platou Securities AS, Pareto Securities AS and Swedbank Norge acted as joint lead managers.
In conjunction with the bond issue, the company will repurchase NOK 37 million of its floating-rate bonds due December 2018.
Odfjell is a shipping and tank terminal company based in Bergen, Norway.
| Issuer: | Odfjell SE
|
| Issue: | Bonds
|
| Amount: | NOK 500 million
|
| Maturity: | September 2023
|
| Lead managers: | Clarksons Platou Securities AS, Pareto Securities AS and Swedbank Norge
|
| Coupon: | Three-month Nibor plus 550 bps
|
| Announcement date: | Sept. 7
|
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