22225 results
A list of search results
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Cash-strapped South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has decided to proceed with the issue of convertible bonds into stocks within its economic bailout plan. Under the plan agreed in March with its creditors, the company will sell KRW 1.3 trillion (USD 1.14 billion) to the Export Import Bank of Korea, DSME said in a […]
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Business & Finance, Technology
Minesto has decided to carry out a rights issue to raise proceeds of approximately SEK 86 million (close to $9 million). The rights issue is carried out in order to give Minesto’s existing shareholders the opportunity to subscribe for new shares under the same conditions as in the private placement of units of approximately SEK […]
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The unsecured bonds would be offered in two tranches.
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Business & Finance, Research & Development, Technology
Tocardo Tidal Power is looking to raise €5 million through bonds issue to support the delivery of its project pipeline.
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Business & Finance, Operations & Maintenance, Research & Development, Technology
Swedish tidal energy developer Minesto has opened the subscription for share rights issue as it aims to raise funds to support the upcoming tidal energy activities in Wales and enhance its product range.
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The causeway linking Singapore to the southern tip of the Malaysian peninsula is normally clogged with cars and trucks making the short international journey, but things got particularly bad on Feb. 1, when traffic came to a grinding halt. Thirty-seven trucks were abandoned where they stood on the Malaysian side, just yards away from a […]
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Norway-based shipping company Songa Bulk ASA is contemplating a tap issue in order to use the net proceeds for the acquisition of additional dry bulk vessels. The target amount is USD 18 million in the senior secured bond Songa Bulk ASA 17/22 FRN USD C, with a maturity on June 13, 2022. The current outstanding […]
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Oslo-listed Stolt-Nielsen Limited is contemplating the issuance of new senior unsecured bonds in the Norwegian bond market with a minimum amount of NOK 700 million (around USD 89 million). The company said it intends to use the proceeds for general corporate purposes. The offering will be made to Norwegian professional investors and eligible counterparties, non-United States persons […]
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Greek bunker supply business Aegean Marine Petroleum Network Inc. said it intends to offer USD 40.0 million of additional 4.00% convertible senior notes due 2018 in a registered public offering. The new notes are expected to have the same terms as USD 86.25 million of the company’s 4.00% notes due 2018 that were issued in October […]
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Hong Kong-listed dry bulk shipping company Pacific Basin Shipping is planning to raise approximately USD 150.6 million through a rights issue. Pacific Basin says the proposed rights issue is to add a long-term equity capital which will be used to strengthen the company’s balance sheet and liquidity position and allow to reserve cash for potential […]
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Danish shipping and logistics company DFDS is exploring a new bond issue to refinance existing bonds and extend debt maturity as part of “the continuous pursuit of improving the financing cost.” As informed, the company intends to issue new DKK and/or NOK denominated senior unsecured bonds with an expected maturity of five years in the near […]
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Teekay LNG Partners L.P. intends to issue a minimum of NOK 700 million in new senior unsecured bonds in the Norwegian bond market worth a total of approximately USD 90 million. The company said it would direct the net proceeds from the bonds for general partnership purposes, including funding of newbuilding installments. Teekay LNG expects […]
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Swedish utility Vattenfall has today priced a hybrid bond issue of USD 400 million (approximately SEK 3.5 billion), the proceeds of which will be used for general corporate purposes. This is Vattenfall’s first ever hybrid bond denominated in USD, placed under Regulation S outside the U.S. As with the company’s existing hybrid bonds, the new bonds will […]
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Dubai-based shipping company Gulf Navigation Holding is targeting revenue growth of 300 percent by 2021 as it eyes doubling of its fleet. Speaking at a press conference on Monday Gulfnav’s CEO, Khamis Juma Buamim, announced that the company’s fleet would comprise 20 ships by 2020, with six units slated to start delivery as of 2018. […]
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Exmar’s Dutch unit, Exmar Netherlands, informed it has completed a tap issue of NOK 300 million in the Norwegian bond market.
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Authorities & Government, Business & Finance
The Ontario Superior Court of Justice has authorized Trillium Power Wind Corporation to amend its Statement of Claim against the Government of Ontario to include the claim of Spoliation, which refers to a willful destruction or suppression of evidence relevant to a legal proceeding. Trillium Power is seeking damages of $500 million for misfeasance in public office […]
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Klaveness Ship Holding AS (Klaveness) has completed a new unsecured bond issue of NOK 400 million (USD 66.9 million), with a borrowing limit of NOK 600 million (USD 100.4 million), and a maturity date in March 2020 with a coupon of NIBOR + 4.25%. An application will be made for the bonds to be listed […]
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Eni has mandated Banca IMI, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs International and ING as Joint Bookrunners for its upcoming fixed rate Euro benchmark size 12 year bond offering under its existing Euro Medium Term Notes Programme. The bond is to be issued within the framework of the Euro Medium Term NoteProgramme and in […]
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MPC Container Ships ASA has completed a tap issue of USD 100 million senior secured bonds.
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Norway’s Höegh LNG said it is contemplating issuing senior unsecured bonds denominated in USD in the Nordic bond market with maturity in June 2020. The net proceeds from the contemplated bond issue are intended for general corporate purposes, Höegh LNG said in a statement on Thursday. Danske Bank Markets, DNB Markets, Nordea Markets, Pareto Securities […]
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EGAS of Egypt has issued a tender for an FSRU which it hopes to use by next April, Reuters reported, citing EGAS’s deputy chairman Khaled Abdel Badie as saying. “We are renting it,” he said. “It is expected to be used by next April. We hope so. It depends on the offers,” Abdel Badie added. Egypt, […]
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Bermuda-based Teekay LNG said that it has issued NOK 1,000 million in senior unsecured bonds, maturing in May 2020, in the Norwegian bond market. The aggregate principal amount of the bonds is equivalent to approximately USD 130 million and all interest and principal payments have been swapped into USD at an all-in fixed interest rate […]
