Teekay Completes Norwegian Bond Issuance
Bermuda registered Teekay LNG Partners L.P. announced yesterday [Apr.17] that it has issued NOK 700 million in senior unsecured bonds maturing in May 2017 in the Norwegian bond market.
The aggregate principal amount of the bonds is equivalent to approximately 120 million U.S. dollars and all interest and principal payments will be swapped into USD.
The proceeds of the bonds, which will be available to the Partnership upon settlement in early-May 2012, are expected to be used for general partnership purposes. Teekay LNG will apply for listing of the bonds on the Oslo Stock Exchange.
Pareto Securities acted as Lead Manager, and Swedbank First Securities as Co-Manager of the bond issuance.
