Keppel and Oaktree linked Floatel International is the latest offshore player to secure new capital by tapping the bond market.

It has raised $475m from a bond issue working with Fearnley Securities and Pareto Securities.

Floatel, led by Peter Jacobsson, began exploring the bond move last month with a view to printing new paper with a 5.5 year tenor.

The project was geared to produce what it termed a group wide refinancing.