Teekay Completes Oslo Bond Issue
Bermuda’s Teekay Offshore Partners L.P. announced yesterday [Jan.18] that it has issued approximately $100 million in senior unsecured bonds that mature in January 2017 in the Norwegian bond market.
Issued in Norwegian krone, all interest and principal payments will be swapped into US dollars.
The proceeds of the bonds, which will be available to the oil and liquid natural gas [LNG] shipping firm upon settlement in late January 2012, are expected to be used for general partnership purposes.
Teekay Offshore will apply for listing of the bonds on the Oslo Stock Exchange.
DNB Markets and Nordea Markets acted as arrangers of the bond issue.
Headquartered in Bermuda, Teekay describes itself as “an essential marine link in the global energy supply chain, serving the world’s leading oil and gas companies. We connect our customers’ upstream oil and gas production with their downstream refining and distribution.”
