Havila Shipping Contemplates New Bond Issue for Financing Havila Subsea Vessel (Norway)

Havila Shipping ASA is contemplating a new secured bond issue with maturity in March 2017. The bond loan will be NOK 600 million.

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

DnBNOR Markets and Pareto Securities are retained as managers of the contemplated bond issue.

[mappress]

Source: havila ,March 10, 2011;