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Aker Solutions lifts coupon, margin for two series of bonds due 2014
By Marisa Wong
Madison, Wis., Dec. 23 - Aker Solutions ASA adjusted the interest rate and margin of two series of its bonds, according to a notice from Norsk Tillitsmann ASA, the trustee of the bonds.
The fixed coupon of Aker's 8.7% bonds due 2014 (ISIN: 001050461.6) will be increased to 10.7%, effective Dec. 26.
The margin of Aker's bonds due 2014 (ISIN: 001050460.8) will be increased to 6.75% beginning on the interest payment date in December.
The adjustments follow from a rating downgrade earlier this month.
Aker is an oil services company based in Oslo.
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