But the question remains… what?
Hamilton, Bermuda, September 28, 2010 - Seadrill Limited (“Seadrill” or the “Company”)
announces today that it is in the process of issuing a new 5 year US dollar bond in the
international market. The contemplated size of the bond issue is in the range US$200-400
million, whereof US$200 million is already committed from investors.
The books will stay open until 7PM CET Wednesday September 29th, but may close earlier
at the company’s discretion.
The senior unsecured bonds will have a coupon of 6.5% payable semi-annually in arrears
and will mature in October 2015. The bonds will be issued and redeemed at 100% of their
principal amount. The bonds are expected to be settled on or around October 5, 2010.
Seadrill intends to list the bonds on the Oslo Stock Exchange. Proceeds from the bond
issue will be used for general corporate purposes.
Carnegie ASA and Pareto Securities AS are acting as joint-lead managers and joint book
This announcement does not constitute or form part of an offer to sell or the
solicitation of an offer to subscribe for any securities of Seadrill Limited.