By Mary-Katherine Stinson
Lexington, Ky., Aug. 17 – Wallenius Wilhelmsen ASA issued NOK 1 billion of sustainability-linked senior bonds due Aug. 31, 2028 at Nibor plus 325 basis points, according to a notice.
The company noted the issue was significantly oversubscribed.
Danske Bank, DNB Markets, Nordea and Sparebank 1 Markets are joint lead managers.
A series of fixed-income investor meetings were held beginning Aug. 16.
The company stated in a previous notice that it may consider a buyback of its bonds labeled WALWIL03 due Sept. 9, 2024 (ISIN: NO0010891971) in conjunction with the new bond issue.
Proceeds from the bond issue will be used for partial refinancing of existing debt and for general corporate purposes.
The Lysaker, Norway-based issuer is a shipping company.
| Issuer: | Wallenius Wilhelmsen ASA
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| Amount: | NOK 1 billion
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| Issue: | Sustainability-linked senior bonds
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| Maturity: | Aug. 31, 2028
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| Bookrunners: | Danske Bank, DNB Markets, Nordea and Sparebank 1 Markets
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| Coupon: | Nibor plus 325 bps
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| Announcement date: | Aug. 17
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