Oslo-listed Ocean Yield has bagged NOK 600m ($101.0m) from the issue of a bond which will mature in March 2019.

In a statement Ocean Yield explained the new paper would carry a coupon of NIBOR plus 3.90% per annum. 

As TradeWinds reported earlier today, cash from the new issue will be used to partially repay an existing bond which matures in 2017.

Ocean