Oslo-listed Ocean Yield has teamed with DNB Markets and Pareto Securities to sell bonds with maturity in March 2019.
Lars Solbakken, chief executive of Ocean Yield, tells TradeWinds the issue is not an attempt to raise fresh capital for the company.
He explains the owner believes the time is right to go to market as it will be able to secure terms which are superior to an existing bond which runs until June 2017.
