Let It Pour! – The Window is Open

At least with respect to the shipping/offshore finance world, Oslo, for the moment, is the center of the universe. Since our move into publishing, approximately six years ago, we have never encountered the volume of deals derived from a single source in such a short period. Beginning with Teekay Offshore’s offering on January 16th, the Norwegian bond market has successfully concluded six transactions in the offshore space and has at least two deals including one shipping deal pending. Total volume concluded was NOK 4,450 million equating to approximately $760 million, making it a very successful two weeks. All were floating rate, senior unsecured notes priced in NOK. And not surprisingly, given the currency, the interest came largely from Nordic investors. Moreover, we understand that there are more deals in the pipeline. It should continue to be a very interesting month. We begin our coverage chronologically.

This is only an excerpt of Let It Pour! – The Window is Open

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post