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Published on 11/14/2019 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Aker buys back NOK 349.5 million of floating-rate notes due 2020

By Sarah Lizee

Olympia, Wash., Nov. 14 – Aker ASA bought back NOK 117 million of its NOK 700 million floating-rate notes due June 6, 2020 and NOK 232.5 million of its NOK 1 billion floating-rate notes due May 29, 2020, according to a notice.

The buybacks are in connection with Aker’s newly placed NOK 1.5 billion senior bond due November 2024.

Aker is an Oslo, Norway-based holding company engaged in off-shore fishing, construction and engineering.


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