Rex International’s Subsidiary Secures NOK 1.2 Billion Bond

Rex International Holding Ltd. (SG:5WH) has released an update.

Rex International Holding’s subsidiary, Lime Petroleum Holding AS, has successfully secured NOK 1.2 billion (about US$112.3 million) through a bond issue aimed at refinancing existing debt and funding exploration and production activities in Norway and Africa. The bonds, denominated in Norwegian kroner, have a three-year term and will carry a coupon rate tied to the Norwegian Interbank Offered Rate plus 925 basis points. ABG Sundal Collier facilitated the transaction as the Sole Bookrunner and Manager.

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