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Published on 9/2/2020 in the Prospect News High Yield Daily.

New Issue: Klaveness prices NOK 200 million add-on to bonds due 2025 at 98.5

By Rebecca Melvin

New York, Sept. 2 – Klaveness Combination Carriers ASA has priced a NOK 200 million add-on to its senior bond issue due Feb. 11, 2025 (ISIN: NO0010874530).

The tap priced at 98.5 and was significantly oversubscribed, according to an announcement.

Danske Bank, Nordea, Pareto Securities and SEB were the joint lead managers of the tap, which brings the new issue size to NOK 700 million.

Klaveness Combination Carriers is a fleet operator based in Oslo.

Issuer:Klaveness Combination Carriers ASA
Issue:Senior bonds add-on
Amount:NOK 200 million
Maturity:Feb. 11, 2025
Lead managers:Danske Bank, Nordea, Pareto Securities and SEB
Price:98.5
Announcement date:Sept. 2
Total deal size:NOK 700 million

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