Hoegh LNG eyes bonds issuance

Norway-based floating LNG giant Höegh LNG intends to issue senior unsecured bonds in the Norwegian market with maturity in February 2022.

The net proceeds from the contemplated bond issue would be used for the part refinancing of the previous bond issue with ticker HLNG01 and general corporate purposes, Höegh LNG said on Thursday.

Danske Bank Markets, DNB Markets and Nordea are engaged as joint lead managers for the bond issue.

To remind, Höegh LNG on Wednesday signed shipbuilding contracts with Samsung Heavy Industries and Hyundai Heavy Industries for two floating storage and regasification units (FSRUs), cementing its position as one of the world’s leading companies in the floating LNG segment.

Höegh LNG now has 10 FSRUs in operation or under construction.