Teekay LNG on the hunt for kroner

Shipowner Teekay LNG partners is mulling a bond sale in Norway.

The New York-listed company, a spin-off of Canadian tanker giant Teekay, will issue 500 million to 700 million kroner ($85 million to $120 million) in senior unsecured debt securities.

The outfit did not say how it will spend the cash.

Pareto Securities is lead manager of the offering, with Swedbank First Securities brought in as co-manager.

Teekay