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Golar completes bond issuance

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LNG Industry,

Golar LNG Partners LP has announced that it has completed the issuance of a US$250 million senior unsecured bond in the Nordic bond market.

The company claims that the bond issue was significantly oversubscribed, and that settlement is expected to be 15 February 2017 with the final maturity date expected 15 May 2021. The new bond issue has a coupon of 3 month LIBOR + 6.25%. An application will be made for the bonds to be listed on the Oslo Stock Exchange.

Golar claims the bond issue net proceeds will be used for the part refinancing of existing bonds, as well as for general corporate processes.

Pareto Securities, SEB, Nordea, DNB Markets and Danske Bank Markets all acted as joint lead managers for the bond issuance.

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