Norwegian shipping investor Christen Sveaas' Kistefos holding company is refinancing debt through another NOK 1bn ($114.5m) bond sale.
The Oslo-listed holding company, which has interests in Western Bulk and Viking Supply Ships, sold the unsecured notes with maturity over 4.75 years.
The cash will go towards buying back the NOK 1bn KIST05 issue due in November 2021 and for general corporate purposes.
