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Höegh announces completion of new unsecured bond issue

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LNG Industry,

Höegh LNG Holdings Ltd (HLNG) has announced that it has successfully completed a new senior unsecured bond issue of NOK 1500 million in the Nordic bond market with a maturity date of 1 February 2022.

HLNG claims that the bond issue was substantially oversubscribed, and will be swapped from floating 3M NIBOR to fixed USD interest rate.

In the statement, the company added that the net proceeds from the contemplated bond issue will be used for the part refinancing of the bond issue with ticker HLNG01, as well as general corporate purposes. An application will be made for the bonds to be listed on Oslo Børs.

Nordea Markets, DNB Markets and Danske Bank Markets all acted as joint lead managers for the bond issue.

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