LNG

Oct 11 (LNGJ) - SBM Offshore, the LNG project contractor, has priced an inaugural $500 million US private placement bond with 16 institutional investors. The bond which is rated Baa2/BBB by Moody's and Fitch carries a 5.5 percent fixed coupon for a 15-year maturity. This is the first transaction issued for an FPSO in the US Capital Markets.