Borr IHC Ltd, founded in 2017 and headquartered in Bermuda, is a leading offshore drilling contractor focused on providing high-quality services to the oil and gas industry. The company specializes in the acquisition and operation of jack-up drilling rigs designed for harsh environments, aimed at serving the needs of exploration and production companies worldwide.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| BORRNO 10.00% 2028-11-15 USDBorr IHC Ltd | Guernsey | 2028-11-15 | 10.000 | 8.91 |
| BORRNO 10.00% 2028-11-15 USDBorr IHC Ltd | Guernsey | 2028-11-15 | 10.000 | 8.07 |
| BORRNO 10.38% 2030-11-15 USDBorr IHC Ltd | Guernsey | 2030-11-15 | 10.375 | 0.00 |
| BORRNO 10.38% 2030-11-15 USDBorr IHC Ltd | Guernsey | 2030-11-15 | 10.375 | 0.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Borr IHC Ltd commenced its bond issuance in 2019, with notable issuances including a $150 million bond in 2020, which was a significant step in strengthening its capital structure amid industry volatility. As of October 2023, the company offers bonds with yields competitive within the offshore drilling sector, reflecting investor confidence following recent operational recoveries. The bonds feature innovative structures aimed at attracting institutional investors and enhancing liquidity, playing a crucial role in the company's financial strategy during challenging market conditions.