Put options prove their worth in complex Seadrill sale

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Put options prove their worth in complex Seadrill sale

When shipping magnate John Fredriksen sold $1bn of stock in his oil rigs firm Seadrill at the beginning of March, he did so by offering a package of put options to give investors downside protection. The value of that structure was revealed this week, as he chose to take physical settlement on a portion of the deal following a declining stock price, writes Nick Jacob.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article