By Abigail W. Adams
Portland, Me., May 29 – Aker ASA priced a NOK 500 million add-on to its Nibor plus 265 basis points senior notes due 2023 at par to yield Nibor plus 265 bps, according to a company news release.
DNB Markets, Nordea, and SEB were joint bookrunners for the Regulation S offering.
The add-on brings the total outstanding amount of the senior notes to NOK 2 billion. Aker priced an initial offering of NOK 1.5 billion five-year senior notes in January.
Proceeds will be used for general corporate purposes.
Aker is an Oslo, Norway-based holding company engaged in off-shore fishing, construction and engineering.
| Issuer: | Aker ASA
|
| Amount: | NOK 500 million
|
| Maturity: | 2023
|
| Securities: | Senior notes
|
| Bookrunners: | DNB Markets, Nordea and SEB
|
| Price: | Par
|
| Yield: | Nibor plus 265 bps
|
| Trade date: | May 29
|
| Distribution: | Regulation S
|
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