Following the allocation of EUR 78 million bond in July 2020, MedPrise, the marine engineering and offshore energy installation company, successfully distributed the further EUR 22 million bond due 2023, bringing total allocation to EUR 100 million.
The bonds were privately allocated.
The bonds carry a fixed-rate coupon of 1.75%, and have a repayment date of 30th April 2023.
The net proceeds will be used to fund the execution of various marine engineering and offshore energy installation projects, such as the completion of a derrick/lay vessel Oceanic 5000 upgrade, for use as an offshore energy installation platform.
To learn more about MedPrise's current project, please visit the Project page