Odfjell has successfully tapped the Oslo bond market with a fresh debt issue that was “substantially oversubscribed”.
The chemical tanker owner said new bonds worth NOK 500m ($59.2m) with maturity date in June 2022 have been issued.
Odfjell added net proceeds will be used to refinance existing bonds and general corporate purposes.
The company has been busy expanding its fleet since February, as part of its Odfjell Compass project.
