Ocean Yield ASA has successfully completed a tap issue of NOK 400 million in OCY02 (NO 0010708316) in the Norwegian bond market at price of 101.05. The price is equal to a credit spread of NIBOR + 3.65% p.a. The total nominal amount outstanding in OCY02 will be NOK 1,000 million after the tap issue.
The settlement date for the above mentioned transaction is expected to be 16 July 2014.
Net proceeds from the transaction will be used for general corporate purposes and to call the remaining amount outstanding under the OCY 01 bond loan with maturity in July 2017.
Pareto Securities acted as arranger in connection with the tap issue.
For further information, please contact:
Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90 E-mail: firstname.lastname@example.org
Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 E-mail: email@example.com