Aker Yards announced on 8 July 2004 that it has issued the first tranche of NOK 200 million in a four-year bond with a fixed interest of 8.6 percent. The total amount in this bond has now been increased to NOK 300 million.
A second loan, a three-year bond with a floating interest rate of NIBOR + 3.75 percent has been issued with a first tranche of NOK 100 million. The total frame of this second bond is NOK 300 million. The total frame for both bonds is unchanged at NOK 600 million , as previously announced in the prospectus prepared in relation to the listing at the Oslo Stock Exchange. The two bonds are seperately listed at the Oslo Stock Exchange.
This transaction concludes the refinancing of Aker Yards.
For further information please contact:
Tore Langballe, SVP Corporate Communications & IR, Aker Yards ASA,
+47 24 13 01 30