Published on 12/20/2019 in the Prospect News High Yield Daily.
New Issue: Ocean Yield prices NOK 750 million tap of Nibor plus 425 bps bonds
By Marisa Wong
Los Angeles, Dec. 20 – Ocean Yield ASA priced NOK 750 million of additional senior bonds due 2024 bearing interest at Nibor plus 425 basis points, according to a notice.
Ocean Yield priced an initial NOK 750 million of the bonds in November, as previously reported.
DNB Bank, Pareto Securities, SEB, Danske Bank and Nordea Bank are the managers.
Ocean Yield is a Lysaker, Norway, owner of ships in the oil service and industrial shipping sectors.
| Issuer: | Ocean Yield ASA
|
| Issue: | Senior bonds, add-on
|
| Amount: | NOK 750 million
|
| Maturity: | Dec. 12, 2024
|
| Managers: | Danske Bank, DNB Markets, Nordea, Pareto Securities and Skandinaviska Enskilda Banken
|
| Coupon: | Nibor plus 425 bps
|
| Announcement date: | Dec. 20
|
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