Ridgebury Crude Tankers lists its first bond issue on Nordic ABM

Markets, Stock Markets, Tankers — By on October 28, 2014 at 9:29 AM

oslo bors28/10/2014 – Ridgebury Crude Tankers LLC lists its first bond issue on Nordic ABM today.

Ridgebury Tankers has a fleet of modern crude and product tankers.  The Westport, Connecticut company continues to acquire vessels with primary focus on medium range (MR) refined product carriers and Suezmax crude carriers.

The bond loan that is admitted to listing today – Ridgebury Crude Tanke 14/17 7, 625% USD C – is an issue of USD 210 million with a coupon rate of 7.625 % p.a., with maturity in March 2017. DNB Markets is the managers for the issue.

The Norwegian bond market is growing strongly, and an increasing number of companies are raising loan capital on the Oslo Børs fixed income marketplaces. Companies with bonds and certificates listed on Oslo Børs and Nordic ABM marketplaces have raised more new loan capital this year than ever before.

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