Ocean Yield ASA is contemplating a new unsecured bond issue

17 Mar 2014
Ocean Yield ASA is contemplating the issuance of new unsecured bonds in the Norwegian bond market with maturity in March 2019. The net proceeds from the contemplated bond issue will be used to refinance existing bonds and for general corporate purposes. DNB Markets and Pareto Securities have been retained as joint lead arrangers of the contemplated 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: lars.solbakken@oceanyield.no Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 E-mail: eirik.eide@oceanyield.no 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.