Stolt-Nielsen Limited: Completes Issuance of Bonds

Core Insights - Stolt-Nielsen Limited successfully placed a new senior unsecured bond issue of NOK 1.5 billion, maturing on October 22, 2030, with a coupon rate of 3 months NIBOR + 225 bps p.a. and quarterly interest payments [1] - The bond issue was significantly oversubscribed, indicating strong investor interest [1] - The company has swapped the new bond into USD obligations at a fixed interest rate of 5.934% [1] Company and Industry Summary - Joint Bookrunners for the bond issue included Danske Bank, DNB Carnegie, Fearnley Securities, and Nordea [2] - An application will be made for the bonds to be listed on the Oslo Stock Exchange [2] - Certain primary insiders and close associates subscribed and were allocated bonds in the bond issue [2]