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Teekay LNG readying $90m Norway bond issue

Teekay LNG readying $90m Norway bond issue
Teekay LNG Partners intends to issue at least NOK700m ($90m) of senior unsecured bonds on the Norwegian bond market.

The bonds, which the company will seek to list on the Oslo stock exchange, will mature in 2020. Proceeds from the issuance will go towards funding installments on the company's 27 LPG carrier and LNG carrier newbuildings, as well as general partnership purposes.

Teekay LNG has appointed Danske Bank, DNB Markets, Nordea Markets and Swedbank Norway as joint lead managers of the expected issuance.