Bond loans in Norwegian offshore trading at junk prices

Bond debt in the offshore sector is now trading at prices 60 percent below original signing rates, due to sliding income among oil companies and a growing risk that they will be unable to pay, reports media Sysla.

by DANIEL LOGAN

Debt totaling around USD 103 billion is currently trading at prices close to 60 percent below the bond loans' original signing rates, estimates Nordic Bond Pricing according to Norwegian media Sysla, noting that the USD 103 billion in debt can currently be acquired for around USD 59 billion.

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Bond loans in Norwegian offshore trading at junk prices

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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