The offshore shipping group said it could sell unsecured notesworth between NOK 500m and NOK 700m ($113.39m).
These will mature in February 2018, with a coupon of 4.75%over the Norwegian inter-bank lending rate.
It said: “Net proceeds from the contemplated bond issue willbe used to refinance existing bonds and for general corporate purposes.”
The company is considering buying back bonds maturing in 2015.
Nordea Markets, Pareto Securities and Swedbank are handlingthe new issue.
