Ocean Yield AS (“Ocean Yield” or the “Company”) has successfully completed a tap issue of NOK 300 million of the Company’s outstanding senior unsecured bond issue due 19 September 2028 with ISIN NO0013013813 (the “2028 Unsecured Bonds”).
Total outstanding amount under the 2028 Unsecured Bonds following the tap issue is NOK 1,050 million. The tap issue was priced at 103.125% of par, implying a margin of approximately 2.75% above the relevant reference rate. Net proceeds from the tap issue shall be applied towards general corporate purposes.
The unsecured bonds issued in the tap issue will trade under a separate ISIN (NO0013501767) until a tap issue prospectus has been approved and the bonds can be merged with the existing 2028 Unsecured Bonds.
Arctic Securities and Nordea acted as Joint Bookrunners in connection with the placement of the tap issue. BAHR acted as legal advisor to the Company.