Hoegh LNG raises USD 130 million via bond issue

Höegh LNG of Norway has completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020.

The bond issue will be swapped from floating to fixed interest rate. The bond issue was oversubscribed, Höegh LNG said on Thursday.

The net proceeds from the bond issue will be used for general corporate purposes. An application will be made for the bonds to be listed on Oslo Børs.

Danske Bank Markets, DNB Markets, Nordea Markets, Pareto Securites and Swedbank Norway have acted as joint lead managers for the bond issue.

Image: Hoegh LNG