×

SDRL: Completes placement of SEK 1,500 million Unsecured Bond Issue

HAMILTON, Bermuda, March 6, 2014 (GLOBE NEWSWIRE) -- Seadrill has successfully completed a 1,500 million Swedish kronor senior unsecured bond issue with maturity in March 2019. Settlement date is expected to be March 18, 2014. An application will be made for the bonds to be listed on Oslo Børs.

The net proceeds from the bond issue will be used for general corporate purposes.

Danske Bank Markets, Nordea Markets and Swedbank Norway acted as Joint Lead Managers for the issuance.

Media contact:
Rune Magnus Lundetrae
Chief Financial Officer
Seadrill Management Ltd.
+44 (0) 7766 071010

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

HUG#1767003

Source:Seadrill Limited