BW Energy Announces Successful Placement of New Unsecured Bonds
Source: www.gulfoilandgas.com 6/7/2024, Location: Europe
BW Energy has completed the private placement of USD 100 million of new five-
year senior unsecured bonds with a coupon rate of 10% per annum. The bond
placement met strong investor demand across Nordic and international markets and
was significantly oversubscribed.
Settlement of the bond issue is expected occur on or about 21 June 2024, subject
to customary conditions precedent. An application will be made for the bonds to
be listed on the Oslo Stock Exchange. Net proceeds from the new bond issue will
be used for general corporate purposes.
DNB Markets, part of DNB Bank ASA and Pareto Securities AS acted as Joint
Bookrunners and Fearnley Securities AS and Sparebank1 Markets AS acted as Co-
Managers in the transaction.
