Ship Finance International sells $58.8m in bonds
John Fredriksen-backed shipowner plans to use process to refinance existing debt. Ship Finance International has sold NOK 500m (£58.8m) worth of bonds in an offering aimed at refinancing debt. The New York-listed shipowner, which is part of the Fredriksen group of companies, plans to list the senior unsecured bonds on the Oslo Stock Exchange.
The securities mature in June 2020 and will pay a 4.75% margin over the Norwegian Interbank Offered Rate. Banking trio The deal had Danske Bank, DNB Markets and Nordea as joint lead managers.