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>

<< Aug 2015 >>
MTWTFSS
27 28 29 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
31 1 2 3 4 5 6

Tanzania Oil & Gas Expo 2015

This event will be the hub for key players in the Oil and Gas industry, attracting leading oil, gas and petroleum companies from around the world…

read more >

Oil and Gas Training

EI Oil and Gas Training offers a comprehensive programme of courses for the oil and gas industry, both as classroom training ranging in duration from 1- to 5- days or as distance learning online, including our Certificates in Oil and Gas. We offer over 30 course titles in introductory, intermediate and advanced levels, making EI training an essential provider in the sector. Bespoke training delivered in-house is also available.

  More Info

read more >

SPE ASIA PACIFIC ENHANCED OIL RECOVERY CONFERENCE

Oil and gas are expected to remain an important source for future world energy demand. However, conventional oil and gas production from…

read more >

2015 NAPE Summer Exhibitor Rates

This event offers producers and purchasers a unique chance to connect, reconnect, and make deals…

read more >

Jobs>

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

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