TheTeekay LNG spin-off said Monday it intends to issue NOK 700m ($115m) in new five-yearsenior unsecured bonds.

Theproceeds will go towards general partnership purposes. TGP expects to apply to list the bond on the Oslo Bors.

DNB Markets, NordeaMarkets and Swedbank First Securities have been appointed as joint lead managersof the proposed issuance.

Thecompany has been busy of late acquiring additional tonnage including asale-and-lease back deal with Awilco LNG at the start of August.

InJuly