http://www.marine-money.com The Ship Finance Publication Of Record Mon, 16 Jan 2012 04:04:51 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://www.marine-money.com/archive/norwegian-bond-market-reopens-with-a-rush http://www.marine-money.com/archive/norwegian-bond-market-reopens-with-a-rush#comments Thu, 10 Nov 2011 16:05:32 +0000 marinemoney http://www.marine-money.com/?p=11320 http://www.marine-money.com/archive/norwegian-bond-market-reopens-with-a-rush/feed 0 http://www.marine-money.com/archive/oh-to-be-in-the-offshore-%e2%80%93-songa-offshore-gets-financing http://www.marine-money.com/archive/oh-to-be-in-the-offshore-%e2%80%93-songa-offshore-gets-financing#comments Thu, 25 Aug 2011 14:30:09 +0000 marinemoney http://www.marine-money.com/?p=11029 http://www.marine-money.com/archive/oh-to-be-in-the-offshore-%e2%80%93-songa-offshore-gets-financing/feed 0 http://www.marine-money.com/archive/offshore-drilling-interest-unabated-2 http://www.marine-money.com/archive/offshore-drilling-interest-unabated-2#comments Thu, 13 Jan 2011 15:45:22 +0000 marinemoney http://www.marine-money.com/?p=10067 http://www.marine-money.com/archive/offshore-drilling-interest-unabated-2/feed 0 http://www.marine-money.com/archive/offshore-drilling-interest-unabated http://www.marine-money.com/archive/offshore-drilling-interest-unabated#comments Thu, 13 Jan 2011 15:23:14 +0000 marinemoney http://www.marine-money.com/?p=10018 http://www.marine-money.com/archive/offshore-drilling-interest-unabated/feed 0 http://www.marine-money.com/archive/a-specialist-investment-banking-model-for-sourcing-capital-and-giving-advice-%e2%80%93-pareto-carves-out-a-niche-and-creates-a-gateway-in-new-york http://www.marine-money.com/archive/a-specialist-investment-banking-model-for-sourcing-capital-and-giving-advice-%e2%80%93-pareto-carves-out-a-niche-and-creates-a-gateway-in-new-york#comments Fri, 27 Aug 2010 01:56:18 +0000 marinemoney http://www.marine-money.com/?p=9562 http://www.marine-money.com/archive/a-specialist-investment-banking-model-for-sourcing-capital-and-giving-advice-%e2%80%93-pareto-carves-out-a-niche-and-creates-a-gateway-in-new-york/feed 0 http://www.marine-money.com/archive/what-does-this-say-about-risk-appetite http://www.marine-money.com/archive/what-does-this-say-about-risk-appetite#comments Thu, 25 Feb 2010 18:38:23 +0000 carisk http://marine-money.com/?p=8703 http://www.marine-money.com/archive/what-does-this-say-about-risk-appetite/feed 0 http://www.marine-money.com/archive/norwegian-bonds-come-go http://www.marine-money.com/archive/norwegian-bonds-come-go#comments Thu, 18 Jun 2009 15:09:56 +0000 carisk http://marine-money.com/?p=6042 Songa Offshore, Wilh. Wilhelmsen and Aker Solutions were a few of the companies, involved in the Norwegian bond market this week. Aker Solution’s NOK 2.1 billion 5 year FRN priced at NIBOR + 4.75% was the largest offering in the domestic market this year, although its parent, Aker ASA, has subscribed to NOK 1 billion of the total issuance. Pricing was highly favorable as the new issue is trading at a spread to swaps 100 bps below the existing 2013 maturity. The company maintained its BBB- rating from Fitch but the outlook was changed to negative. Wilh. Wilhelmsen ASA]]> http://www.marine-money.com/archive/norwegian-bonds-come-go/feed 0 http://www.marine-money.com/archive/songa%e2%80%99s-misguided-misadventure http://www.marine-money.com/archive/songa%e2%80%99s-misguided-misadventure#comments Thu, 23 Oct 2008 19:58:45 +0000 carisk http://marine-money.com/?p=4589 Songa Offshore sought to explain its unexpected private placement of shares the previous week, at a discount of approximately 34% to the prior day’s close. The share placement alleviated a short-term liquidity shortfall as well as a breach of covenants. The main culprit was its historic financial strategy. Over the last few years, Songa intentionally kept cash at tight levels of around $30 to $70 million, which level was increased as rigs were added. In addition, the company entered into TRS agreements during the 12-month period until January 2008.  Both worked as planned until worlds collided. In a matter of five weeks, the company’s TRSs went from $16.7 million in the money to $26.8 million out of the money a swing of $43.5 million]]> http://www.marine-money.com/archive/songa%e2%80%99s-misguided-misadventure/feed 0 http://www.marine-money.com/archive/arne-blystad-schedules-listing-of-new-rig-company-in-oslo http://www.marine-money.com/archive/arne-blystad-schedules-listing-of-new-rig-company-in-oslo#comments Thu, 21 Apr 2005 17:29:40 +0000 carisk http://marine-money.com/?p=7986 http://www.marine-money.com/archive/arne-blystad-schedules-listing-of-new-rig-company-in-oslo/feed 0