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DNO calls $124.6 million of notes, NOK 421 million of notes at 101.5
By Susanna Moon
Chicago, June 24 – DNO ASA said it exercised the option to call all of its outstanding senior callable bonds due 2016.
The bonds will be redeemed at 101.5% of par and include a $124.6 million dollar tranche and a NOK 421 million krone tranche, according to a company notice.
The call date is June 24 with settlement following on Aug. 6.
The outstanding amounts exclude bonds previously repurchased and held by the company, the release noted.
The called bonds were issued in 2011.
After the redemption, the company said its remaining debt consists of $400 million of five-year senior bonds issued June 19.
Oslo-based DNO is an oil and gas operator.
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