The tanker owner had announced a minimum amount of NOK 700m on Wednesday, but said this had been successfully surpassed on Thursday morning.

The unsecured five-year bonds carry interest of Nibor plus 4.10%.

They will be listed in Oslo and the proceeds used for general corporate purposes.

Danske Bank Markets, DNB Markets, Nordea Markets and Pareto Securities acted as joint lead managers.

Stolt raised $207m from the bond market just over a year ago.

The