Ocean Yield ASA: Successful placement of new unsecured bond issue
Ocean Yield ASA ("Ocean Yield" or the "Company") has
successfully completed a new unsecured bond issue of NOK 750
million with maturity date in September 2021, carrying a
coupon of 3 months NIBOR + 4.50% p.a. with quarterly interest
The net proceeds from the bond issue will be used to
refinance existing debt from Aker ASA, finance future growth
and for general corporate purposes.
Concurrently, Ocean Yield has today repurchased NOK 245.5
million of OCY 02 with maturity in 2019 and NOK 92.5 million
of OCY 03 with maturity in 2020, to extend the average
maturity of its outstanding bond loans.
Danske Bank, DNB Markets, Nordea Markets, Pareto Securities
and Skandinaviska Enskilda Banken acted as joint lead
arrangers in connection with the placement of the new bond
An application will be made for the bonds to be listed on
Oslo Stock Exchange.
For further information, please contact:
Eirik Eide, CFO
Tel: +47 24 13 01 91 / Mob: +47 95 00 89 21
Lars Solbakken, CEO
Tel. +47 24 13 01 90 / Mob: +47 91 19 88 44
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading