By Mary-Katherine Stinson
Lexington, Ky., Aug. 30 – OKEA AS placed $125 million of 9 1/8% three-year bonds, according to a company announcement.
DNB Markets and Pareto Securities AS are joint lead managers and bookrunners.
Net proceeds from the bond issue will, together with cash on the balance sheet, be used to repay the company’s outstanding $120 million senior secured bond (ISIN: NO0010869175).
OKEA is a Trondheim, Norway-based oil and gas company.
| Issuer: | OKEA AS
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| Issue: | Bonds
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| Amount: | $125 million
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| Maturity: | Three years
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| Bookrunners: | DNB Markets and Pareto Securities AS
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| Co-manager: | Fearnley Securities AS
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| Coupon: | 9 1/8%
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| Announcement date: | Aug. 30
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