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Odfjell raises $61m with new bonds issue

Norwegian firm Odfjell has successfully completed a new unsecured bond issue of NOK500m ($61m) with maturity date in September 2019.

The net proceeds from the contemplated bond issue will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities.

DNB Markets and Nordea Markets acted as joint lead managers in connection with the placement of the new bond issue.

Last month another Odfjell company, Odfjell Drilling, closed a $525m refinancing deal with DNB Bank for its semi-submersibles Deepsea Atlantic and Deepsea Stavanger.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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