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J. Lauritzen raises USD 80 million on bond issue

J. Lauritzen has finished its sales of business bonds for an amount of approximately USD 80 million and will seek the bonds noted on Oslo Børs as soon as possible. The money is to be spent on development, CFO Birgit Aagaard-Svendsen says.

 J. Lauritzen has finished its sale of business bonds for NOK 500 million corresponding to approximately USD 80 million running to October 2017. The date of issue is 24 October 2012. In connection to the bond issue, J. Lauritzen has repurchased a nominal value of USD 8.3 million of the bond issue made by J. Lauritzen in 2010. The net profit of the bond issue will be used to develop the shipping group.

J. Lauritzen will seek to have the bonds noted on the stock exchange in Oslo, Oslo Børs, as soon as possible.

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