BW Offshore completed a new senior unsecured bond issue of NOK 1,000 million with a 5-year tenor, carrying a coupon of 3 months NIBOR + 5.00% p.a. with quarterly interest payments. The net proceeds from the bond issue will be applied towards refinancing of the Company's existing NOK 900 million senior unsecured bonds maturing 4 December 2023 with ISIN NO0010869019 ("BWO05") and general corporate purposes.