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Odfjell issues sustainable bonds for upwards of NOK 1 billion

Norway's Odfjell buckles into the green transition with a new bond loan of between NOK 0.5 and 1 billion, which is linked to the tanker company reducing its carbon intensity by 50 percent ahead of 2030.

Photo: Per Christian Dettwieler / Odfjell

Part of Odfjell's interest-bearing debt of close to USD 1.2 billion will going forward be linked to the Norwegian tanker operator's efforts to realize its green ambitions.

Odfjell is refinancing part of its debt. A bond loan totaling NOK 700 million (USD 83 million) is set to mature this month, and Odfjell will therefore issue a new bond loan in the range of NOK 500 million to 1 billion, the company tells ShippingWatch.

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