New Issue: Ocean Yield places $125 million more perpetual floating-rate bonds

By Sarah Lizee

Olympia, Wash., Nov. 5 – Ocean Yield ASA placed $125 million more perpetual floating-rate bonds, according to a notice.

The bonds carry a coupon of Libor plus 650 basis points.

Arctic Securities AS, Pareto Securities AB, DNB Bank ASA, DNB Markets, Skandinaviska Enskilda Banken AB (publ) and Nordea Bank Abp acted as joint lead managers.

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

Issuer:	Ocean Yield ASA
Issue:	Tap of perpetual floating-rate bonds
Amount:	$125 million
Maturity:	Perpetual
Bookrunners:	Arctic Securities AS, Pareto Securities AB, DNB Bank ASA, DNB Markets, Skandinaviska Enskilda Banken AB (publ) and Nordea Bank Abp
Coupon:	Libor plus 650 bps
Announcement date:	Nov. 5

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