The Oslo-listed shipowner has engaged DNB Markets, NordeaMarkets and Swedbank First Securities to lead the exercise, it told the stockexchange today.
The proceeds will be used for general corporate purposes andmay repurchase some bonds maturing in December.
However Odfjell did not reveal how much it is after.
The company made a loss of just $2m in the second quarter versusa deficit of $28m a year earlier.
