Havila Shipping Completes Bond Issue for Financing Havila Subsea Vessel (Norway)

Havila Shipping ASA has successfully completed the issuance of a new NOK 600 million secured bond.

Final maturity date is in March 2017. The bond will be sought listed on the Oslo Stock Exchange.

The net proceeds from the bond issue will be directed towards long term financing of the vessel Havila Subsea.

DnBNOR Markets and Pareto Securities acted as joint managers of the bond issue.

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Source: havila ,March 16, 2011;