The MLP says cash from the NOK 700m move will help repay US bond debt and support newbuilding commitments.
It is working with Danske Bank, DNB Markets, Nordea and Swedbank on the fundraiser.
Teekay LNG’s offering comes on the heels of Ocean Yield and Stolt Nielsen successfully raising funds in the Oslo bond market.
The Teekay Corp spin-off has 48 LNG vessels to its name, including 19 newbuildings, plus 30 LPG carriers and eight tankers.
