Höegh LNG raises $130m with new bond issue

Höegh LNG raises $130m with new bond issue

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.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts