Bonds

Documents related to bond issues

 

Bond terms

Ticker

OCY02

OCY03

OCY04

Face value

NOK 1,000 million

NOK 1,000 million

NOK 750 million

Repurchased

NOK 245.5 million

NOK 102.5 million

Coupon

NIBOR + 3.90% p.a.

NIBOR + 4.00% p.a.

NIBOR + 4.50% p.a.

Maturity

March 2019

April 2020

September 2021

Tap issue

NOK 400m @ NIBOR + 3.65% p.a. in July 2014

Price

Link to Oslo Børs

Link to Oslo Børs

Link to Oslo Børs

 

Covenants

Q3 2017

Minimum Book Equity of 25%

33.3%

Minimum Cash of $ 25 Million or 3% of IB debt

$116.9 million

EBITDA/ Interest expenses > 2.0x

5.0x

 

Documents related to Ocean Yield bond issues

OCY02

OCY03

OCY04

Prospectus

Download

Download

Download

Loan agreement

Download

Download

Download

Registration document

Download

Download

Download