Norway’s Ocean Yield to hold investor meetings for four-year bonds

By Mary-Katherine Stinson

Lexington, Ky., March 6 – Ocean Yield ASA is contemplating a krone-denominated four-year senior floating-rate bond issue, according to a company notice.

Arctic Securities AS, Danske Bank, Nordea Bank Abp, filial i Norge and Skandinaviska Enskilda Banken AB (publ) will hold a series of fixed-income investor meetings starting on March 6.

Proceeds will be used for the refinancing of outstanding debt and general corporate purposes.

In connection with the potential bond issue, Ocean Yield may offer conditional buybacks in its outstanding bonds with ticker OCY07 (ISIN: NO0010869720) and OCY06 (ISIN: NO0010861594).

Ocean Yield is a Lysaker, Norway-based owner of ships in the oil service and industrial shipping sectors.

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