Aker Solutions ASA: completes bond issue
Published by David Bizley,
The bond issue was substantially oversubscribed. The bonds will have a coupon of 3 month Nibor + 3.15% p.a., and will be applied for listing on the Oslo Stock Exchange. Settlement date will be January 25, 2018.
The proceeds will be used for general corporate purposes.
"We are very pleased with a well-executed placement," said Chief Financial Officer Svein Stoknes at Aker Solutions. "We have seen solid investor interest and achieved competitive terms that reflect Aker Solutions' strong credit position."
DNB Markets, Nordea, SEB and Swedbank acted as joint lead managers for the bond issue.
Read the article online at: https://www.oilfieldtechnology.com/special-reports/15012018/aker-solutions-asa-completes-bond-issue/
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