North Atlantic Drilling guides high yield bond in 6%-6.25% area

By Stefanie Linhardt
27 Jan 2014

Norwegian offshore drilling company North Atlantic Drilling has released price talk for its $600m unsecured high yield bond. It aims to price the deal later today.

The five year, non-callable bond is guided in the 6%-6.25% area. Bookrunners Goldman Sachs, Credit Suisse and Morgan Stanley closed the European book at midday UK time, while the US book remains open until 11am New York time.

The unrated company, 74% owned by Seadrill, aims to use ...

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