Open and Shut Case – Odfjell Sells NOK 600 million of Bonds

Last Friday, Odfjell SE, with joint managers, DNB Markets, Nordea Markets and Swedbank First Securities opened the books for a new issue of NOK 500 to 750 million of senior unsecured bonds thinking they would have an early start for an application period that was to extend through the following Tuesday. Fortunately, they planned for an early close, as they had more than they needed allowing them to shut the books at 4PM with NOK 600 million of bonds subscribed which was a level the company was more than satisfied with.

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