Ocean Yield - Successful placement of senior unsecured bonds

08 Mar 2023

Ocean Yield AS has successfully completed a new bond issue of NOK 750 million, carrying a coupon of 3 months NIBOR + 3.95% p.a. with quarterly interest payments. The bond issue attracted strong interest and was well oversubscribed. The net proceeds from the bond issue will be applied towards refinancing of outstanding debt and general corporate purposes.

Arctic Securities AS, Danske Bank, Nordea Bank Abp, filial i Norge and Skandinaviska Enskilda Banken AB (publ) 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.