Norwegian OSV owner Dof Subsea has raised NOK 900m ($105.6m) in an unsecured bond issue.
The shipping company had been aiming to sell between NOK 800m and NOK 1bn.
The debt matures in November 2023 and will be used to refinance existing bonds and for general corporate purposes.
In conjunction with the sale, Dof has already bought back bonds worth NOK 35m from its existing NOK 1.3bn
