Bermuda-based Ship Finance International Ltd. has announced plans to issue a new bond loan in the Norwegian credit market with maturity in April 2014 and a minimum loan amount equivalent to approximately $50 million.

The proceeds of the loan are expected to be used for general corporate purposes.

A portion of the new bond loan may be offered to qualified institutional investors in the US pursuant to the US Securities Act of 1933 and will be concurrently offered outside of America pursuant to the act.

Pareto Securities AS has been appointed as arranger of the new contemplated bond issue.