LNG

Feb 28 (LNGJ) - Golar LNG plans to sell up to $250 million of convertible bonds and use the funds for "growth capital expenditure, repayment of short-term facilities and general corporate purposes." The bonds, each with a denomination of $100,000, will be offered in an accelerated book-building to institutional investors outside of the US only. The bonds are expected to have a coupon in the range of 3.00-3.75 percent. ABG Sundal Collier, Arctic Securities and Deutsche Bank are acting as lead managers and book-runners. DnB Bank ASA and Nordea Bank Norge ASA are acting as co-managers.