Exmar raises $40m for LNG infrastructure investments

Exmar raises $40m for LNG infrastructure investments

Athens: Exmar Netherlands has completed a tap issue of NOK 300m ($39.6m) in bonds, which it says will be used to finance investments in LNG infrastructure.

The settlement date for the transaction is expected to be May 12, the company said today.

Proceeds from the sale will also be used for general corporate purposes.

The issue is the second tranche of the NOK 700m ($92.3m) in bonds issued on the Norwegian market in July 2014.

“The total nominal amount outstanding in the bond issue will be NOK 1,000m [$131.9m] with maturity in July 2017,” Exmar said.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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