Marine Link
Friday, September 30, 2016

Teekay LNG Completes Norwegian Bond Issuance

September 4, 2013

The Algeciras Spirit, one of Teekay LNG’s Suezmax tankers is able to carry approximately 1 million barrels of oil. (Photo: Teekay)

The Algeciras Spirit, one of Teekay LNG’s Suezmax tankers is able to carry approximately 1 million barrels of oil. (Photo: Teekay)

Teekay LNG Completes Norwegian Bond Issuance

Teekay LNG Partners L.P. announced that it has issued NOK 900 million in senior unsecured bonds, maturing in September 2018, in the Norwegian bond market.

The aggregate principal amount of the bonds is equivalent to approximately $150 million (USD) and all interest and principal payments have been swapped into USD at an all-in fixed interest rate of 6.43%. The proceeds of the bonds are expected to be used for general partnership purposes. Teekay LNG will apply for listing of the bonds on the Oslo Stock Exchange.

DNB Markets, Nordea Markets and Swedbank First Securities acted as Joint Lead Managers of the bond issuance.

teekaylng.com



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News