Songa Offshore SE - Bond Issue

Songa Offshore SE is in the final stage of concluding a 5 year senior unsecured
bond issue in the range of NOK 1,150 - 1,400 million. The coupon of the bond
will be Nibor/Swap + 10%. An amount exceeding the minimum amount is underwritten
by a consortium of investors. The bond issue will be launched today November
7, 2011 with subscription period to close end of business tomorrow, November
8.  The company may in cooperation with the Joint Lead Managers decide to close
the subscription period earlier.

As previously announced, First Securities, Nordea Markets and Pareto Securities
are acting as Joint Lead Managers for the bond
issue.

Limassol, 7 November 2011
Board of Directors
Songa Offshore SE

Questions should be directed to:
Geir Karlsen, CFO [phone] / [phone]





This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






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Source: Songa Offshore SE via Thomson Reuters ONE

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