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TGP ups bond offering
Teekay LNG Partners has successfully raised $150m from the Norwegian bond market, the company has confirmed.
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Found an interesting story?
TGP ups bond offering
Teekay LNG Partners has successfully raised $150m from the Norwegian bond market, the company has confirmed.
The unsecured five year bonds, which mature in September 2018, will carry an all-in fixed interest rate of 6.43%.
The Teekay LNG spin-off said the proceeds of the bonds are expected to be used for general partnership purposes.
DNB Markets, Nordea Markets and Swedbank First Securities acted as Joint Lead Managers of the bond issuance.
The funds raised marked a 30% increase on Teekay LNG Partners’ original target of NOK 700m ($115m).
The company has been busy of late acquiring additional tonnage including a sale-and-lease back deal with Awilco LNG at the start
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