By Lisa Kerner
Charlotte, N.C., April 15 - Aker Drilling ASA announced the successful completion of a NOK 1.5 billion three-year unsecured bond issue guaranteed by its parent company, Aker ASA.
The issue will settle on April 30, and the bonds mature on April 30, 2013, according to an Aker Drilling news release.
Interest on the bonds will be Nibor plus 400 basis points.
DnB NOR Markets and Pareto Securities are joint arrangers of the new bond issue.
Proceeds will be used to refinance an existing NOK 800 million convertible bond maturing in October 2010 and for general corporate purposes.
Aker Drilling said that because it has secured external refinancing for the convertible bond, it needs to borrow from Aker less than the planned amount of $150 million over the first three quarters of 2010.
Aker Drilling, 100% owned by Aker via Aker Capital AS, is a Stavanger, Norway, offshore drilling contractor.
| Issuer: | Aker Drilling ASA
|
| Guarantor: | Aker ASA
|
| Issue: | Unsecured bonds
|
| Amount: | NOK 1.5 billion
|
| Maturity: | April 30, 2013
|
| Coupon: | Nibor plus 400 bps
|
| Price: | Par
|
| Joint arrangers: | DnB NOR Markets, Pareto Securities
|
| Settlement date: | April 30
|
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