Odfjell Plans to Launch New Bonds Issuance

Odfjell Bergen-based shipping and tank terminal company Odfjell SE is contemplating the issuance of new unsecured bonds in the Norwegian bond market with maturity in September 2019, the company confirmed to World Maritime News. The net proceeds from the contemplated bond issue, which would reportedly reach up to NOK 500 million (USD 61.1 million), will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities, Odfjell said. DNB Markets and Nordea Markets have been retained as joint lead managers of the contemplated bond issue. The company added that an application will be made for the bonds to be listed on Oslo Stock Exchange. World Maritime News Staff