Mark the date – November 4th – on your calendar. After a hiatus, the oil service companies returned to the Norwegian bond market en masse or so it seemed. On Friday, Petroleum Geo-Services ASA announced a $300 million offering of 7-year notes. This was quickly followed by a $150 million offering of 5-year 2nd lien callable bonds by Chloe Marine Corporation. We then awoke on Monday to the announcement that Songa Offshore was in the market with a 5-year senior unsecured bond issue in the range of NOK 1,150 to 1,400 million. For this week’s issue, we will provide in-depth look at the project bond issued by Chloe Marine.
This is only an excerpt of Norwegian Bond Market Reopens with a Rush
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Tags: · ABN AMRO, Chloe Marine, Chloe Marine Corporation, Deep Star Metro Ltd, DnB NOR Markets, GIEK, Metro Exploration Holding Corp., Metrostar Group, Odfjell Drilling, Odfjell Offshore Ltd., Petrobras, Petroleum Geo-Services ASA, RS Platou Markets, Songa Offshore, Theodore Angelopoulos
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