Exmar wraps up bond tap issue

Exmar wraps up bond tap issue

Exmar’s Dutch unit, Exmar Netherlands, informed it has completed a tap issue of NOK 300 million in the Norwegian bond market. 

This is the second tranche on the original NOK 700 million bond issued in July 2014, the company said in a statement.

The total nominal amount outstanding in the bond issue will be NOK 1,000 million with maturity in July 2017.

The settlement date for the transaction is expected to be 12th May 2015.

Net proceeds from the transaction will be used to finance investments in LNG infrastructure assets and for general corporate purposes, Exmar said.

DNB Markets and Pareto Securities acted as joint lead managers for the transaction.

1 NOK = 0.13 USD

Image: Exmar

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