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Published on 2/22/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Aker’s Ocean Yield calls NOK 200 million of senior bonds due 2021

By Taylor Fox

New York, Feb. 22 – Ocean Yield ASA exercised its call option to prepay NOK 200 million outstanding under its senior bonds due Sept. 21, 2021 (ISIN: NO0010774417), according to a news release.

Settlement will occur on April 8.

Following the prepayment, NOK 250 million of the bonds will be outstanding.

The company said it had previously repurchased NOK 23 million of the bonds in the market.

The issuer is a wholly owned subsidiary of Aker ASA, a Stavanger, Norway-based drilling rig operator.


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