Keppel and Oaktree linked Floatel International is the latest offshore player to secure new capital by tapping the bond market.
It has raised $475m from a bond issue working with Fearnley Securities and Pareto Securities.
Floatel, led by Peter Jacobsson, began exploring the bond move last month with a view to printing new paper with a 5.5 year tenor.
The project was geared to produce what it termed a group wide refinancing.
Floatel was set up in 2006 and has five units built at Keppel FELS Shipyard in Singapore.
The bond purse has been secured at a time when investors are showing a renewed appetite for the offshore space.
