Stolt-Nielsen fundraising above target

Stolt-Nielsen fundraising above target

Oslo: Norwegian tanker owner Stolt-Nielsen surpassed its fundraising target by selling bonds worth $141m.

The Oslo-listed company announced today the successful placement of senior unsecured bonds in a new five-year bond issue. The placement was oversubscribed.

Danske Bank Markets, DNB Markets, Nordea Markets and Pareto Securities acted as joint lead managers.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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