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    Golar LNG prices $300mn bond issue


The issue will mature in October 2025.

by: Joseph Murphy

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Complimentary, Natural Gas & LNG News, Liquefied Natural Gas (LNG), Corporate, Financials

Golar LNG prices $300mn bond issue

Bermuda-headquartered LNG vessel operator Golar LNG announced on October 6 it had priced a $300mn senior unsecured bond issue in the Nordic bond market.

The issue will mature in October 2025 and have an interest of 7% annually. Proceeds from the sale will be used for refinancing outstanding convertible bonds maturing in February 2022 and for general corporate purposes, Golar LNG said.

An application will be made to list the bonds on the Oslo stock exchange. DNB Markets and Pareto Securities AS acted as global coordinators for the issue, while Danske Bank and Nordea Bank Abp served as joint lead managers.

Golar LNG sold part of its fleet of LNG carriers and floating storage and regasification units to US LNG player New Fortress Energy in April.