(2)
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17 February 2021, Hamilton, Bermuda
Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (
Golden Ocean or the
Company ) is contemplating to enter into a transaction (the
Transaction ) for the acquisition of 18 modern scrubber fitted dry bulk vessels consisting of 10x Newcastlemaxes built 2019-21 and 8x Kamsarmaxes built 2020-21 (the
Vessels ) from affiliates of Hemen Holding Limited, a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family (
GOGL – Acquisition of 18 dry bulk vessels and contemplated private placement of USD 338 million hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
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Bond issuance will further bolster APICORP’s (www.APICORP.org) capital and liquidity positions to continue executing its mandate for the sustainable development of the Arab energy sector; Bond issuance achieved APICORP’s lowest ever spread and yield at +69 basis points and 1.26%, respectively; Bond issuance was more than 2.5 times oversubscribed and attracted more than $2 billion in orders from over 65 investors worldwide, reflecting strong investor trust amid uncertain times.
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, today announced the successful issuance of a benchmark $750 million dollar-denominated five-year bond aimed at further bolstering the Corporation’s business operations and capital and liquidity positions.
Apicorp’s latest benchmark $750m bond achieves lowest-ever spread
Bond issuance achieved Apicorp’s lowest ever spread and yield at +69 basis points and 1.26%, respectively
The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution, has announced the successful issuance of a benchmark $750 million dollar-denominated five-year bond aimed at further bolstering the corporation’s business operations and capital and liquidity positions.
The latest and final transaction of Apicorp’s $3 billion Global Medium-Term Note (GMTN) program launched in 2020, the issuance was more than 2.5 times oversubscribed, with around 57 per cent of the more than $2 billion in orders coming from central banks, multilateral development banks (MDBs), and other sovereign, supranational and agency (SSA) investors.
APICORP s latest benchmark $750 million bond achieves lowest-ever spread; 2 5x oversubscribed apicorp.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apicorp.org Daily Mail and Mail on Sunday newspapers.