Awilco Completes Bond Issue

Awilco Offshore ASA reported that a bond issue that it had announced on Monday was significantly oversubscribed. Due to the strong interest, the loan amount has been increased to NOK 500 million.

The main terms of the loan are as follows:

--Amount: NOK 500 million
--Coupon: 3m NIBOR + 2.25% p.a.
--Maturity: July 2010

The senior unsecured bond is subject to finalization of loan documentation and completed settlement, which is expected to be 6 July 2007. Pareto Securities ASA is acting as arranger for the bond loan.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Accountant - Intercompany
Expertise: Accounting
Location: Alpharetta, GA
 
Cost Accountant
Expertise: Accounting
Location: Ville Platte, LA
 
Margin Optimization Analyst
Expertise: Accounting|IT - SAP / ERP|Refinery Specialist
Location: Dallas, TX
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours