Odfjell Set to Raise up to NOK 600 million with Inaugural Issue

On February 16, Odfjell launched its inaugural bond issue in the Norwegian market. The issue is to have a maximum amount of NOK 600 million (about $94.3m USD), with a first tranche of NOK 300 million. DnB NOR Markets is serving as sole lead manager for the issue, which has a tenor of three years and a coupon of 3-month NIBOR + 1.10%. Odfjell specializes in the transportation of chemicals and other specialty bulk liquids.

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