OCEA sells €20 million of 7% subordinated sustainability-linked bonds

By Devika Patel

Knoxville, Tenn., Sept. 16 – OCEA Group has settled a €20 million undated subordinated sustainability-linked bond, according to a press release from arranger and advisor Carax.

The offer was oversubscribed and entirely placed with European institutional investors.

The bonds accrue interest at 7% for the first five years and may be redeemed at par after Aug. 6, 2025.

Based in Les Sables D’Olonne Cedex, France, Ocea builds aluminum ships.

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