Seadrill cancels major bond issue

Today John Fredriksen's drilling company Seadrill canceled a planned bond issue worth USD 1 billion due to the day's rate developments, says the company in a statement to the Oslo Stock Exchange.

BY KATRINE GRØNVALD RAUN

Seadrill has decided to cancel a major bond issue worth USD 1 billion with a five-year maturation period, to 2019. This happens at the last minute before the issue was set to launch, the John Fredriksen-owned drilling company informs the Oslo Stock Exchange.

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Russians entering Fredriksen's Seadrill group
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Fredriksen added USD 792.4 million to his fortune in 2013
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Seadrill prepares for reduced activity
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