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Prosafe Bonds

Last week, Prosafe SE successfully issued NOK 500 million of five-year floating rate bonds, priced at three-month NIBOR + 3.50%. The issue was substantially oversubscribed and was priced at par. Proceeds are to be used for the partial refinancing of the outstanding bond PRS03 due in March 2012 and for general corporate purposes. In fact, in connection with the offering Prosafe purchased $46.4 million of that security at par. ABG Sundal Collier and Pareto Securities acted as joint arrangers of the issue.

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Written by: | Categories: Freshly Minted, The Week in Review | February 17th, 2011 |

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