Aker Completes Senior Unsecured Bond Issue

Oil and gas services company Aker Solutions revealed that it has successfully completed a $188 million (NOK 1.5 billion) senior unsecured bond issue with maturity in July 2022.

Proceeds from the bond issue, which Aker states was substantially oversubscribed, will be used for general corporate purposes, according to a company statement.

"We are very pleased with a well-executed placement," Aker Chief Financial Officer Svein Stoknes said in a statement on the company’s website. "We have seen solid investor interest and achieved competitive terms that reflect Aker Solutions' strong credit position,” Stoknes added.

DNB Markets, Nordea, SEB and Swedbank acted as joint lead managers for the bond issue.


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