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Aker Yards' issue of new bonds |
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Reference is made to the release to Oslo Børs dated 10 March 2006 regarding among others Aker Yards' issue of two new bonds, one with a fixed interest rate coupon and one with a floating interest rate coupon, both with a 7 year tenor and with a combined total loan amount of up to NOK 600 million.
The interest for these two issues has been very good, and the loans are now fully subscribed. Aker Yards has decided to issue NOK 480 million in the loan with floating interest rate, and NOK 120 million in the loan with fixed interest rate. Both loans have a borrowing limit of NOK 600 million. Final issue of the loans are however subject to an approval by the bondholders of the presented changes in the loan agreement of AKY01 (ISIN NO 001023151.7) and AKY02 (ISIN NO 001023977.5) prior to the settlement date.
Final allocation will be forwarded to the investors as soon as possible. Settlement date is set to 5th April 2006. Aker Yards will apply for listing of the loans on Oslo Børs after the disbursement date.
DnB NOR Markets and Pareto Securities ASA has been mandated arrangers for the loans.
Source: press release
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