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Published on 1/30/2020 in the Prospect News High Yield Daily.

New Issue: Klaveness places NOK 500 million bonds due 2025 at Nibor plus 475 bps

By Sarah Lizee

Olympia, Wash., Jan. 30 – Klaveness Combination Carriers ASA has issued NOK 500 million senior bonds due Feb. 11, 2025 with a coupon of Nibor plus 475 basis points.

The transaction was significantly oversubscribed, according to an announcement.

Danske Bank, Nordea, Pareto Securities and SEB are the joint lead managers.

In connection with the bond placement, the company repurchased NOK 138 million of its KCC03 bonds (ISIN: NO0010779549).

Klaveness Combination Carriers is a fleet operator based in Oslo.

Issuer:Klaveness Combination Carriers ASA
Issue:Senior bonds
Amount:NOK 500 million
Maturity:Feb. 11, 2025
Lead managers:Danske Bank, Nordea, Pareto Securities and SEB
Coupon:Nibor plus 475 bps
Announcement date:Jan. 30

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