Teekay LNG sets price for its Norwegian bond offering

Teekay LNG sets price for its Norwegian bond offeringImage courtesy of Teekay

Teekay LNG Partners has set a price of 850 million Norwegian krone in new bonds that mature in August 2023 in the Norwegian bond market.

The new bond issuance, which was oversubscribed, has an aggregate principal amount equivalent to approximately $100 million and all payments will be swapped into a U.S. dollar fixed-rate coupon of approximately 7.89 percent.

Teekay LNG said it expects to close the bond offering on August 29, 2018.

The net proceeds from the bonds are expected to be used for refinancing of existing bonds and/or general partnership purposes.

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

Share this article

Follow LNG World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNG Pricing, Trading & Hedging London

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >