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>

<< Sep 2015 >>
MTWTFSS
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 4

Global LNG

– The drivers and changes in the LNG chain
– Where Atlantic Basin LNG supply is coming from and when
– The linkages between Asian and Atlantic Basin LNG markets

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…

read more >

Oil and Gas Project and Operations Management

This course is designed for a multi-disciplined audience from the project and operations sectors of the oil and gas industry, including both…

read more >

Sarawak Offshore Roadshow 2015

The Miri event would also feature technology presentations and would attract the oil and gas, marine and offshore industry 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