Ocean Yield AS (“Ocean Yield” or the “Company”) has mandated Arctic Securities, Danske Bank, and DNB Carnegie as Joint Lead Managers to arrange a series of fixed income investor meetings commencing today, Tuesday 18 August 2026.
A new USD-denominated perpetual callable hybrid bond issue may follow, subject to inter alia market conditions.
The proceeds from the potential bond issue will be applied towards refinancing of OCY10 and for general corporate purposes.
In connection with the contemplated bond issue, the Company will offer a conditional buyback of the outstanding perpetual hybrid bond with ticker OCY10 (ISIN NO0013177188). Following the contemplated closing of the sale of Ocean Yield to A.P. Moller Holding, the Company intends to call OCY10 at 101.00% of par as per the bond terms.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Ocean Yield AS is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings.