Welltec to raise USD 340 million in bonds

Welltec is offering bonds worth USD 340 million, states the Danish oil service company in an announcement. Among other things, the money will be spent repaying debt.

Denmark's Welltec has launched an offering of bonds, which aims to raise USD 340 million for the oil service company, announces Welltec in a statement.

The bonds are due by 2022 and will be issued via one of the company's subsidiaries. The offering will close on Nov. 28.

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