Norway’s Ocean Yield sets investor meetings for NOK 750 million offering of five-year bonds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 31 – Ocean Yield ASA is contemplating a NOK 750 million offering of five-year senior floating-rate bonds, according to a company notice.

Joint lead managers Arctic Securities AS, Danske Bank, DNB Markets and Nordea Bank Abp will hold a series of fixed-income investor meetings starting on Friday.

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

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

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.