Ocean Yield ASA has successfully completed a new unsecured bond issue of NOK 600 million with maturity date in March 2019. The bond has a coupon of 3 months NIBOR + 3.90% p.a. The issue was significantly oversubscribed.
The net proceeds from the new bond issue will be used to refinance existing debt and general corporate purposes.
In connection with the placement, the company has purchased NOK 428 million of OCY01 (ISIN NO 0010654379).
DNB Markets and Pareto Securities acted as joint lead arrangers in connection with the placement of the new bond issue.
An application will be made for the bonds to be listed on Oslo Stock Exchange.
For further information, please contact:
Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90 E-mail: firstname.lastname@example.org
Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 E-mail: email@example.com
About Ocean Yield: Ocean Yield is a ship owning company with investments within oil-service and industrial shipping. The company focuses on modern assets with long-term charters to solid counterparties. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity. Ocean Yield has an ambition to pay attractive and growing dividends to its shareholders.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.