DeepOcean's Bond Issue Now Fully Subscribed
A new bond issue of NOK 300 million for DeepOcean ASA is fully subscribed. The senior unsecured bond matures in three years and carries a coupon of 3 month nibor plus 1.65% p.a. Purpose of the loan is mainly financing of the acquisition of CTC Marine Projects Ltd.
Issuance of the bonds is expected to September 29th and is subject to finalized loan documentation and board approval by DeepOcean ASA. Pareto Securities ASA is given a mandate as arranger of the bond issue.