Transocean International Ltd, founded in 1973 and headquartered in Houston, Texas, is a leading provider of offshore drilling services for the oil and gas industry. The company specializes in contract drilling services, delivering innovative and efficient solutions through a diverse fleet of mobile offshore drilling units.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| RIG 8.25% 2029-05-15 USDTransocean International Ltd | Bermuda | 2029-05-15 | 8.250 | 9.31 |
| RIG 8.25% 2029-05-15 USDTransocean International Ltd | Bermuda | 2029-05-15 | 8.250 | 8.94 |
| RIG 8.50% 2031-05-15 USDTransocean International Ltd | Bermuda | 2031-05-15 | 8.500 | 9.72 |
| RIG 8.50% 2031-05-15 USDTransocean International Ltd | Bermuda | 2031-05-15 | 8.500 | 9.87 |
| RIG 8.75% 2030-02-15 USDTransocean International Ltd | Bermuda | 2030-02-15 | 8.750 | 7.01 |
| RIG 8.75% 2030-02-15 USDTransocean International Ltd | Bermuda | 2030-02-15 | 8.750 | 6.85 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Transocean has a notable history of bond issuances, first starting in the early 2000s. Among its significant issuances was a $1.2 billion bond in 2014, which was part of a strategic move to refinance existing debt. Current yields on its bonds are competitive within the industry, reflecting the company's solid credit profile despite the pressures of market volatility. Recent developments include a round of refinancing in late 2022 aimed at enhancing liquidity, indicating a proactive approach to managing its capital structure.