Stolt-Nielsen Completes Bond Issues

Stolt-Nielsen Limited announced the placement of senior unsecured bonds in a total amount of NOK 1,100 million in a new five-year bond issue carrying a coupon of 3M NIBOR plus 4.1 percent. The placement was oversubscribed.

 

The settlement date for the bonds will be April 8, 2015, and the maturity date will be April 8, 2020. An application will be made for listing the bonds on the Oslo Stock Exchange as soon as possible.

 

Net proceeds from the bond issues will be used for general corporate purposes, the company said.

 

Danske Bank Markets, DNB Markets, Nordea Markets and Pareto Securities acted as joint lead managers for the bond issue.