Odfjell SE: Successful placement of new unsecured sustainability-linked bond
Reference is made to the stock exchange notice on January 7, 2021, regarding a contemplated sustainability-linked bond issue. Odfjell SE has today successfully completed a new sustainability-linked senior unsecured bond issue of NOK 850 million with maturity date January 21, 2025.The bond carries a coupon of three-month NIBOR plus 5.75% p.a. with quarterly interest payments. The issue was substantially oversubscribed. The redemption price is linked to the company’s ambition to reduce carbon intensity of its controlled fleet by 50% by 2030 compared to the 2008 level. Use of proceeds will be