Harkand lists its first bond issue on Oslo Børs

Markets, Stock Markets — By on November 6, 2014 at 11:54 AM

oslo bors06/11/2014 -Harkand Finance Inc lists its first bond issue on Oslo Børs today.

The Harkand Group provides subsea inspection, repair and maintenance (“IRM”), and light construction services offshore to exploration and production companies as well as offshore subsea contractors.

The bond loan that is admitted to listing today – Harkand Finance Inc. 14/19 7, 50% USD C – is an issue of USD 230 million with an interest rate of 7.5% p.a., with maturity in March 2019. Nordea Bank Norge, Pareto Securities and Swedbank Norge are 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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