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June 19, 2008 Aker Yards plans bond issuesAker Yards ASA next float-out may not be a cruise liner, but a couple of bond issues. Aker Yards says it is considering floating one year and three year Norwegian kroner bond issues of a minimum NOK 250 million (US$48.2 million) and maximum NOK 1BN (US$193. million) in each loan. The combined size for both loans is to not exceed NOK 1.2BN (US$231million). The loans would be used for refinancing of existing debt and general corporate financing. Arctic Securities will act as Lead Manager and DNB NOR will act as Co-Manager of the issuance.
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