Golar LNG Completes Bond Issue, Bermuda

Golar LNG Partners said it has completed the issuance of a NOK 1,300 million bond issue in the Norwegian bond market with maturity expected to be on 12 October 2017.

The aggregate principal amount of the bonds is equivalent to approximately USD 227 million and will be swapped to USD, with a fixed interest rate of 6.485%. The bonds will be applied for listing on Oslo Stock Exchange.

The net proceeds from the Bond Issue shall be used firstly for repayment of the existing approximately USD 222 million shareholder loan from Golar LNG Limited and secondly for general corporate purposes.

DNB Markets and Nordea Markets acted as Joint Lead Managers for the issuance.

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LNG World News Staff, October 01, 2012