Norway's DNO mulls bond deals to refinance debt, fund capital investments

By Paul A. Harris

St. Louis, May 4 - Norwegian oil company DNO ASA is considering bringing "two new bond loans" to market, the company said in a news release Tuesday.

The release specified that the company's board of directors will meet during the last week of May to set the terms.

Proceeds will be used to refinance existing bonds and finance new investment in petroleum licenses, mainly on the Norwegian shelf.

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