Odfjell Completes USD 61 Mn Bond Issue

Image Courtesy: Odfjell

Norwegian shipping and tank terminal company Odfjell SE has completed a new unsecured bond issue of NOK 500 million (USD 61 million).

The company said that the bond issue, which has a maturity date in September 2019, was significantly oversubscribed.

The net proceeds from the contemplated bond issue, announced on September 7, will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities, Odfjell added.

DNB Markets and Nordea Markets acted as joint lead managers in connection with the placement of the new bond issue.

An application will be made for the bonds to be listed on Oslo Børs.

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Posted on September 9, 2016 with tags .

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