Teekay LNG finalizes bond issue

Bermuda-based Teekay LNG said that it has issued NOK 1,000 million in senior unsecured bonds, maturing in May 2020, in the Norwegian bond market.

The aggregate principal amount of the bonds is equivalent to approximately USD 130 million and all interest and principal payments have been swapped into USD at an all-in fixed interest rate of 5.92%, Teekay LNG said in a statement on Wednesday.

The net proceeds from the bonds are expected to be used for general partnership purposes, including funding of newbuilding installments.

Teekay LNG will apply for listing of the bonds on the Oslo Stock Exchange.

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >