Home Markets Green Dragon Gas lists its first bond issue on Nordic ABM

Green Dragon Gas lists its first bond issue on Nordic ABM

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oslo bors08/12/2014 Green Dragon Gas Ltd lists its first bond issue on Nordic ABM today.

Green Dragon Gas is one of the largest independent, China focused companies involved in the production of Coal Bed Methane (CBM) gas and its distribution and sale.

The bond loan that is admitted to listing today –  Green Dragon Gas Ltd. 14/17 10, 00% USD C  – is an issue of USD 88 million with an interest rate of 10 %, with maturity in November 2017. Pareto Securities is the managers for the issue.

The Norwegian fixed income market is growing strongly. Companies have raised more loan capital on the Oslo Børs fixed income marketplaces this year than ever before. In November alone, companies raised NOK 27.9 billion in loan capital from new bond issues and increases to existing issues. So far this year, the volume of new issues, excluding issues by the Norwegian government, has reached NOK 296.8 billion. This is NOK 17.1 billion more than the record of NOK 279.6 billion set last year.

This strong growth is related to the increasing number of companies choosing to have their fixed income securities listed on the Oslo Børs marketplaces. So far this year, the number of issues listed has increased by 123 to 1, 693, and at the same time the total value of fixed income securities has increased by NOK 92 billion to NOK 1, 506 billion.

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