Bonds

 

Bond terms

Ticker

OCY03

OCY04

OCY05

OCY06

Face value

NOK 1,000 million

NOK 750 million

NOK 750 million

USD 125 million

Repurchased

NOK 102.5 million

Coupon

NIBOR + 4.00% p.a.

NIBOR + 4.50% p.a.

NIBOR + 3.65% p.a.

LIBOR + 6.50% p.a.

Maturity

April 2020

September 2021

May 2023

Perpeptual

Price

Link to Oslo Børs

Link to Oslo Børs

Link to Oslo Børs

 

Bond documents

OCY03

OCY04

OCY05

OCY06

Prospectus

Download

Download

Download

Loan agreement

Download

Download

Download

Registration document

Download

Download

Download

 

Covenants as per Q2 2019

Ticker

OCY03

OCY04

OCY05

OCY06

Minimum Book Equity of 25%

28.4%

28.7%

No covenants

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

$86.9 million

$86.9 million

$86.9 million

No covenants

EBITDA/ Interest expenses > 2.0x

2.4x

2.4x

3.0x

No covenants