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-DnB, Swedbank handle Bonheur unsecured debt sale.

M2 EQUITYBITES-January 26, 2012--DnB, Swedbank handle Bonheur unsecured debt sale(C)2012 M2 COMMUNICATIONS

26 January 2012 - DnB Markets, a subsidiary of DnB ASA (OSL:DNBNOR), and Swedbank First Securities were picked managers for Bonheur ASA's (OSL:BON) placement of NOK1bn (USD172m/EUR130m) unsecured bonds in two batches, the Norwegian energy and shipping company said Wednesday.

One of the tranches consisted of NOK700m bonds due in 2017, while the other one was comprised of NOK300m bonds maturing in 2019.

The company's majority-owned unit Ganger Rolf ASA (OSL:GRO) provides a cover for the securities.

The deal was significantly oversubscribed, Bonheur said.

The settlement is expected to take place on 10 February.

Bonheur noted that it would use the fresh capital for general corporate purposes.

The company will file for listing the debt on the Oslo Stock Exchange.

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Publication:M2 EquityBites (EQB)
Date:Jan 26, 2012
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