June 19, 2008
Aker Yards plans bond issues
Aker Yards ASA next float-out may not be a cruise liner, but a couple of bond issues.
Aker Yards says it is considering floating one year and three year Norwegian kroner bond issues of a minimum NOK 250 million (US$48.2 million) and maximum NOK 1BN (US$193. million) in each loan.
The combined size for both loans is to not exceed NOK 1.2BN (US$231million).
The loans would be used for refinancing of existing debt and general corporate financing.
Arctic Securities will act as Lead Manager and DNB NOR will act as Co-Manager of the issuance.