Transocean Poseidon Limited, founded in 2000 and headquartered in London, specializes in offshore drilling services for the oil and gas industry. The company is known for its advanced deepwater drilling technologies and commitment to operational excellence, catering to major energy producers globally.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| RIG 6.88% 2027-02-01 USDTransocean Poseidon Limited | United States | 2027-02-01 | 6.875 | 7.18 |
| RIG 6.88% 2027-02-01 USDTransocean Poseidon Limited | United States | 2027-02-01 | 6.875 | 7.13 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Transocean Poseidon Limited first issued bonds in 2010 as part of its strategy to finance fleet expansion and modernization. A notable issuance occurred in 2018, when the company raised $1 billion through a high-yield offering aimed at refinancing existing debt and supporting capital expenditures. Currently, the bond yields are competitive within the industry, reflecting positive market sentiment and robust demand for offshore drilling services. In 2023, the company introduced green bond offerings to align with sustainability initiatives, signaling a strategic pivot towards environmentally responsible operations.