Siem Offshore completes a new unsecured bond issue

Siem Offshore Inc. has successfully completed a new unsecured bond issue of NOK 700 million with maturity in March 2019. An application will be made for the bonds to be listed on the Oslo Stock Exchange, the company said in its press release.
 
Net proceeds from the new bond issue will be used to finance general corporate purposes.
 
Arctic Securities acted as arranger in connection with the placement of the new bond issue.