Stolt-Nielsen Limited announced the successful placement of a new senior unsecured bond issue of NOK 1.20 billion with maturity date September 26, 2028. The bond carries a coupon of 3 months NIBOR + 315 bps p.a. with quarterly interest payments. The transaction was oversubscribed.

The company has swapped the new bond into USD obligations at a fixed interest rate of 7.8225%. Danske Bank, DNB Markets, Nordea and SEB acted as joint lead managers for the bond issue.