Norske Skog repurchases $54.4 million more 7 5/8% bond loan, NOK 10 million of bond due 2009

By Jennifer Chiou

New York, Dec. 17 - Norske Skog said it bought back another $54.4 million principal amount of a bond loan maturing on Oct. 15, 2011.

The coupon on the loan is 7 5/8%.

Together with earlier purchases, Norske Skog's holding now amounts to $141 million, and the residual loan is $459 million.

Norske Skog said it has also bought back bonds totaling NOK 10 million of another bond loan due Oct. 26, 2009. That loan has NOK 11 million outstanding.

Norske Skog is an Norway-based paper and pulp company.

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