Odfjell has collected NOK 700m ($82.3m) from its latest trip to the Oslo bond market.

The tanker owner completed the issue with a view to raising growth capital and repaying debt on existing bonds.

Danske Bank Markets and DNB Markets led what will be the company’s fourth live bond.

As TradeWinds reported this week Odfjell is back on the growth path after cutting costs and boosting operations with efficiency projects.