Polarcus – Successful placement of new bond issue

Polarcus Limited has successfully completed the NOK 230 million bond issue (the “Bond Issue”) due November 2014. The bonds will be issued with a coupon of 14.00% p.a., interests to be paid semi-annually, and the net proceeds from the Bond Issue will be used for partly refinancing of the bond for POLARCUS SAMUR and for general corporate purposes.

DnB NOR Markets, Pareto Securities and SEB Merchant Banking have acted as Joint Lead Managers of the Bond Issue.
Source