Oslo: Höegh LNG Holdings raised $130m today after completing the issuance of a senior unsecured bond in the Nordic bond market.
The maturity date of the bonds is expected to be June 5, 2020 and the net proceeds will be used for general corporate purposes.
The bond issue, which was oversubscribed, will be swapped from floating to fixed interest rate. Joint lead managers for the issue were Danske Bank Markets, DNB Markets, Nordea Markets, Pareto Securites and Swedbank Norway.
Earlier in the week, Höegh LNG signed a 20-year FSRU contract with Octopus LNG in Chile for the Penco-Lirquén LNG import terminal to be located at Concepción Bay. The deal is expected to generate $36m annually.