EuropeFinance and InsuranceGas

Teekay LNG Partners taps bond market for $92m

London: Teekay LNG Partners is to issue a minimum of NOK 700m ($92.1m) in new senior unsecured bonds in the Norwegian bond market.

Proceeds from the issue will be used to pay for newbuilding instalments and for general partnership purposes, Teekay LNG said in a statement today.

The bonds will mature in May 2020 and are expected to be listed on the Oslo Stock Exchange.

The company says some of the bonds may also be offered in the United States to qualified institutional investors.

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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