By Mary-Katherine Stinson
Lexington, Ky., March 8 – Ocean Yield ASA sells a NOK 750 million bond issue with a coupon of Nibor plus 395 basis points, according to a company notice.
The company reported the bond issue attracted strong interest and was well oversubscribed.
Arctic Securities AS, Danske Bank, Nordea Bank Abp, filial i Norge and Skandinaviska Enskilda Banken AB (publ) were joint lead arrangers.
Proceeds will be used for the refinancing of outstanding debt and general corporate purposes.
The bonds are expected to be listed on Oslo Bors.
Ocean Yield is a Lysaker, Norway-based owner of ships in the oil service and industrial shipping sectors.
| Issuer: | Ocean Yield ASA
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| Amount: | NOK 750 million
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| Joint lead arrangers: | Arctic Securities AS, Danske Bank, Nordea Bank Abp, filial i Norge and Skandinaviska Enskilda Banken AB (publ)
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| Coupon: | Nibor plus 395 bps
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