By Paul A. Harris
Portland, Ore., May 16 – Ocean Yield ASA announced in a Wednesday press release that it priced NOK 750 million of Nibor plus 365 basis points five-year unsecured bonds.
The issue attracted strong interest and was well oversubscribed, the release stated.
DNB Markets was the global coordinator. Danske Bank, Fearnley Securities, Nordea and SEB were the joint lead managers.
The Norwegian maritime leasing company plans to use the proceeds to partly refinance existing debt, to finance future growth and/or for general corporate purposes.
| Issuer: | Ocean Yield ASA
|
| Amount: | NOK 750 million
|
| Maturity: | May 25, 2023
|
| Securities: | Unsecured floating-rate bonds
|
| Global coordinator: | DNB Markets
|
| Joint lead managers: | Danske Bank, Fearnley Securities, Nordea, SEB
|
| Coupon: | Nibor plus 365 bps
|
| Announcement date: | May 16
|
| Listing: | Oslo Exchange
|
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