Odfjell has successfully completed a new unsecured bond issue of NOK 500m ($61.15m) announced yesterday.
The company said the sale of the debt maturing in September 2019 was “significantly oversubscribed”.
Net proceeds will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities.
Terje Iversen told TradeWinds yesterday the money would also be used to refinance the company’s newbuilding programme in China.
Odfjell
