Norwegian shipping investor Kistefos has raised $114m in new bonds, which it will use to refinance existing debt and bolster working capital.
The Oslo-listed investment company on Monday said it has issued NOK 1bn ($114m) worth of new four-year, NOK-denominated senior unsecured floating-rate bonds.
The bonds have a coupon of 5.75 percentage points above the three-month Norwegian Interbank Offered Rate (NIBOR) and will mature on 11 September, 2024.
