Odfjell Technology Ltd (ODFTG)

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Odfjell Technology Ltd (ODFTG)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	INDS	PRCD	ODFTG	Odfjell Technology Ltd	kr1,100		1	EMEA	Aug 30, 2024

Tranche #1Odfjell Technology Ltd

currency

NOK

size (m)

1,100.000

maturity

Sep 16, 2028

type

Floating

tenor

4.000

call

registration

benchmark

3mN

ranking

Sr. Secured

moody's

s&p

fitch

size description

re-open/tap

ipt

3mN+400-425

ipt-pxd

guidance

3mN+350-375

spread

350

coupon

3mN+350

spread set

price

100.00000

yield

book size (m)

2,000

peak book (m)

x-covered

1.82

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,000

peak book (m)

x-covered

1.82

book attrition

nic

left lead

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Book size: 2000; Comments: NOK1.1bn 4NC2 snr sec FRN. NR. Danske/DNB(B&D). With buyback. IPTs 3mN+400/+425 for 1.1bn, guidance 3mN+375/+400, revised guidance 3mN+350/+375 WPIR, launch 3mN+350. FTT today. CoC: 101%. MWC: 3yr;

Guarantor(s)

Odfjell Partners Ltd

Use of Proceeds

Repay debt and for general corporate purposes

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