By Marisa Wong
Madison, Wis., March 22 - I.M. Skaugen SE announced that it issued NOK 350 million of new senior callable bonds due April 2017.
The bonds have a coupon of Nibor plus 900 basis points.
Fearnley Fonds, SEB Merchant Banking and Swedbank First Securities were the arrangers of the issue.
In connection with the bond issue, I.M. Skaugen repurchased NOK 206 million of its series 10 bonds (ISIN: 0010604689) and NOK 72.5 million of its series 11 bonds (ISIN: 0010625924). The company said that following the bond issue it will have enough liquidity to cover any remaining bonds due in 2013.
The company has applied to list the new bonds on the Oslo Stock Exchange.
I.M. Skaugen is an Oslo-based marine transportation service company engaged in the transportation of petrochemical gases and chemicals.
| Issuer: | I.M. Skaugen
|
| Issue: | Senior callable bonds
|
| Amount: | NOK 350 million
|
| Maturity: | April 2017
|
| Coupon: | Nibor plus 900 bps
|
| Arrangers: | Fearnley Fonds, SEB Merchant Banking and Swedbank First Securities
|
| Settlement date: | March 22
|
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