EXMAR Netherlands Secures Cash for LNG Infrastructure

EXMAR Netherlands BV, a wholly owned subsidiary of gas carrier owner and operator EXMAR NV, said it has successfully completed a tap issue of NOK 300 million (USD 39.3 million) in the Norwegian bond market.

The tap issue is the second tranche of the original NOK 700 million bond issued in July 2014.

The company said it would use the net proceeds from the transaction to finance investments in LNG infrastructure assets and for general corporate purposes.

The total nominal amount outstanding in the bond issue will be NOK 1,000 million with maturity in July 2017.

The settlement date for the above mentioned transaction is expected to be 12th May 2015.

DNB Markets and Pareto Securities acted as Joint Lead Managers for the transaction.