Aker plans offering of krone-denominated five-year senior bond

By Sarah Lizee

Olympia, Wash., Nov. 14 – Aker ASA is planning to issue a new krone-denominated five-year senior bond, according to a notice.

DNB Markets, Nordea, Pareto and SEB have been mandated as joint lead managers for the potential bond issue.

In conjunction with the potential bond issue, the company will consider additional buybacks of its NOK 700 million floating-rate notes due June 6, 2020 and NOK 1 billion floating-rate notes due May 29, 2020.

Aker is an Oslo, Norway-based holding company engaged in off-shore fishing, construction and engineering.

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