SBM Offshore, Mitsubishi fund FPSO in bond market
SBM Offshore, Mitsubishi fund FPSO in bond market Dutch and Japanese companies raise $850 mln to refinance debt from the Cidade de Ilhabela vessel in Brazil
BondsDebtCapital MarketsFixed IncomeCorporate & Sovereign StrategyBrazil The Netherlands SBM Offshore and Japan s Mitsubishi Corporation sold $850 million worth of 13.5-year dollar-denominated notes to refinance debt from the Cidade de Ilhabela floating production storage and offloading (FPSO) in Brazil, according to a source involved in the deal.
Guara Norte, a special purpose vehicle that owns the FPSO vessel, priced the 2034 notes at 99.995 with a coupon of 5.198% to yield 5.2%, the source said.
February 9, 2021
SBM Offshore is pleased to announce the successful pricing of an US$850 million non-recourse senior secured notes transaction in a 144A/Reg .
EM bond buyers gave Guara Norte, a special purpose vehicle for Brazilian floating production storage and offloading (FPSO) unit Cidade de Ilhabela, a warm welcome on its first bond market outing as investors say that emerging market high yield corporates offer the best chance for outperformance.
SBM Offshore, Mitsubishi map out bonds for FPSO latinfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latinfinance.com Daily Mail and Mail on Sunday newspapers.