Sevan Gets an Early Start on the Holiday Season

Last Friday, Sevan Marine ASA successfully sold NOK 700 million of its 14% senior unsecured bonds due in 2014. This was the high end of the expected range (NOK 500 to 700) and reflects healthy investor appetite for the issue. Proceeds will be used for general corporate purposes. The joint lead managers of the transaction were First Securities and Pareto Securities with Arctic Securities, Fearnley Fonds and ING serving as co-managers.

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