Teekay LNG considers Norwegian bond issuance

Published by David Rowlands, Editor
LNG Industry, Tuesday, 18 October 2016 09:45

Teekay LNG Partners L.P. – an LNG carrier owner and operator –has announced that it intends to issue new five-year unsecured bonds in the Norwegian bond market.

It is expected that the net proceeds from the bonds will be used for refinancing NOK bonds maturing in May 2017 and general partnership purposes, such as funding newbuilding instalments. The company expects to apply for listing of the bonds on the Oslo Stock Exchange.

Teekay claims that some of the bonds may be offered in the US to qualified institutional investors (QIBs), as defined in Rule 144A of the US Securities Act of 1993 concurrently with bonds offered outside of the US pursuant to Regulation S of the Securities Act.

The company claims that Swedbank Norway, Nordea Markets, DNB Markets and Danske Bank Markets have all been appointed as joint lead managers of the contemplated bond issuance.

Read the article online at: https://www.lngindustry.com/lng-shipping/18102016/teekay-lng-considers-norwegian-bond-issuance/

INEOS and Covestro LNG-linked gas supply agreement

Wednesday 30 April 2025 16:45

INEOS and Covestro have announced a long-term agreement for the supply of natural gas for up to eight years, starting in 2027.

You might also like