Stolt-Nielsen completes bonds issue

Sep 15 2017

Stolt-Nielsen (SNI) has successfully placed senior unsecured bonds in the Nordic bond market totalling $175 mill in a new five-year bond issue carrying a fixed coupon of 6.375%.

SNI claimed that the placement was oversubscribed.

The settlement date for the bonds will be 21^st September, 2017 and the maturity date will be 21^st September, 2022. An application will be made for listing the bonds on the Oslo Stock Exchange, as soon as possible.

Net proceeds from the bond issue will be used for the refinancing of outstanding bonds and general corporate purposes, SNI said.

Danske Bank, DNB Markets, Nordea and Swedbank acted as joint lead managers for this issue.