LNG

March 5 (LNGJ) - Teekay LNG, the fleet-owning New York-listed subsidiary of Canadian shipping company Teekay Corp. and with 25 LNG carriers and 15 more under construction, said it will issue a minimum of 700 million Norwegian crowns (US$92M) in new unsecured bonds in the Oslo bond market. The debt will mature in May 2020. The net proceeds from the bond sale are expected to be used for general purposes, including funding of newbuild instalments. Teekay said it expected to apply for a listing of the bonds on the Oslo Stock Exchange.