Oslo-listed Wallenius Wilhelmsen is testing the water for a new bond issue.

The car carrier owner said Danske Bank, DNB Markets, Nordea and SEB are arranging a series of fixed-income investor meetings from 29 August.

Subject to market conditions, the company envisions a Norwegian currency-denominated senior unsecured bond sale with a three-year maturity.

The value has not yet been disclosed.

Proceeds will be used to refinance outstanding bond debt and for general corporate purposes.

Last year, the company sold a NOK 1bn ($119m) issue and promptly spent NOK 178.5m of this on buying back earlier notes that matured in June.