Teekay LNG sold NOK 900m ($110m) in bonds in Norway in a bid to refinance existing debt securities and pay for growth.
The New York-listed LNG carrier, LPG carrier and tanker owner, a spinoff of Vancouver-based Teekay Corp, said the offering for the senior unsecured bonds was “significantly oversubscribed”.
The bonds carry a coupon rate of 7.75%, which is fixed on US-dollar terms.
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