Norwegian chemical tanker owner Odfjell is taking action on its 2022 debt maturity through a tap issue of one of its bonds.
The Oslo-listed company asked Nordic banks Nordea and Swedbank to explore the possibility of a conditional buy-back of the NOK 600m ($70m) series falling due in June.
This was to be carried out in tandem with a tap of the NOK 700m bonds expiring in 2023, subject to market conditions.
