Floatel Completes $200 Mln Bond Issuance (Sweden)

Floatel Completes $200 Mln Bond Issuance

Floatel International Ltd has successfully completed the issuance of USD 200 million in the Norwegian bond market, with maturity October 2017. The offering was oversubscribed.

As previously announced, the proceeds from the bond issue will be used to refinance existing debt and to fund the Company’s new build program for accommodation vessels for delivery in 2013 and 2015 at Keppel FELS Limited, Singapore.

Floating accommodation platforms are needed to provide additional living quarters for support personnel in exploration and production activities. Such support personnel are required during hook-up and commissioning in the development phase, for maintenance and upgrading during the production phase, as well as for decommissioning.

The bond will be listed at Oslo Børs.

Press Release, October 1, 2012

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2016 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Pipeline Week 2016

Include the Pipeline Week as a key component of your marketing strategy. If your company has involvement in the following areas, this event…

read more >

12th Annual Deepwater Intervention Forum

The 12th Annual Deepwater Intervention Forum presented a first-hand look at emerging and proven technologies which offered real-world…

read more >

ONS 2016

The ONS Conference is known as one of the world’s most important oil, gas and energy fora, giving the delegates a sneak peek into the future…

read more >

SMM 2016

SMM Hamburg 2016 is the leading international forum of the maritime industry.SMM offers the unique chance for exhibitors and trade visitors…

read more >

Jobs>

Assistant Driller

Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.

apply

QC Coordinator Offshore

Do you attach great importance to quality and do you have an affinity with offshore projects? Then read about what Van Oord can offer you.

apply

Electrician

For one of our clients we are looking for a Ships Electrician. Our client is a company with worldwide activities. You will work in a rotation of 4 till 6 weeks on and off.

apply