Ocean Yield said late Monday that it successfully completed the sale of NOK 750m ($91m) in unsecured bonds.
The new debt will mature in September 2021 and carries a coupon of 450 basis points over the 3-month Norwegian Interbank Offered Rate (Nibor), which will be paid quarterly.
Ocean Yield says the net proceeds will be used to refinance existing debt from Aker ASA, finance future growth and for general corporate purposes.
Concurrently,
