Viking Investments, Cytron line up $500 million bond financing with BAO

By Susanna Moon

Chicago, Feb. 9 – Viking Investments Group Inc. and Cytron Capital Group Inc. executed an agreement for a $500 million bond financing with BAO Capital Sarl.

Under the BAO agreement, BAO has agreed to work with Viking and Cytron with preparing the materials required for the bond deal, identifying and introducing potential purchasers of the bond to Viking, making presentations to prospective purchasers, advising on relevant issues regarding structuring and closing the transaction, and participating in any selling group assembled to sell any securities or debt related to the bond, according to a company press release.

BAO will be responsible for listing the bond on the Stock Exchange of Mauritius.

Viking’s stock (OTCBB: VKIN) closed at $0.20 on Feb. 6.

Viking is a New York company that provides incubate resources and services to support the development of late-stage, non-publicly-listed companies.

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