Norway’s Ocean Yield to conditionally call OCY07 bonds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 31 – Ocean Yield ASA intends to offer conditional buybacks in its outstanding bonds with ticker OCY07 (ISIN: NO0010869720) in connection with a potential krone-denominated five-year senior floating-rate bond issue, according to a notice.

Arctic Securities AS, Danske Bank, DNB Markets and Nordea Bank Abp, will hold a series of fixed-income investor meetings starting on Sept. 1 to discuss the potential issue.

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

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