By Paul A. Harris
St. Louis, Sept. 16 - I.M. Skaugen SE issued NOK 200 million of 10½% three-year unsecured senior fixed-rate notes, the company said in a news release Tuesday.
Fearnley Fonds ASA managed the deal.
The repayment obligation will be swapped to U.S. dollars.
Proceeds will be used to finance the purchase of existing bonds maturing in June 2009.
The Oslo-based marine transportation service company has applied to have the bonds listed on the Oslo Stock Exchange.
Issuer: | I.M. Skaugen SE
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Amount: | NOK 200 million
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Maturity: | Three years
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Security description: | Unsecured senior fixed-rate notes
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Manager: | Fearnley Fonds ASA
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Coupon: | 10½%
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Announcement date: | Sept. 16
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Listing: | Oslo Stock Exchange
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