The Norwegian Guarantee Institute for Export Credits (Giek) has sought quotations to sell off parts of its NOK 98bn ($11.5bn) portfolio, of which $9.9bn is exposed to offshore.
The offshore crisis has battered shipowners relentlessly, forcing some into bankruptcy and the majority into complex restructurings, but creditors have unloaded relatively little exposure in the secondary markets.
GIEK chief executive Wenche Nistad says the guarantee institute has not sold anything from its offshore portfolio yet.
