Odfjell Rig III Ltd, founded in 2006 and based in Bermuda, operates in the offshore oil and gas drilling sector. The company specializes in the ownership and management of drilling rigs, providing essential services to exploration and production companies worldwide.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ODLNO 9.25% 2028-05-31 USDOdfjell Rig III Ltd | Bermuda | 2028-05-31 | 9.250 | 7.02 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Odfjell Rig III Ltd has been active in the bond market since its inception, with significant issuances to fund fleet expansions and operational enhancements. Notable was their €300 million bond issued in 2018, featuring a competitive yield that outperformed many industry peers at the time. Current yields hover around 5%, reflecting strong demand amidst a recovering oil market. The company is also known for its innovative bond structures, offering flexibility to investors, which has been instrumental in their funding strategy in recent years.