Frontline buys back $33.3 million 4.5% convertibles due 2015 at 99

By Susanna Moon

Chicago, Feb. 13 – Frontline Ltd. said it bought back $33.3 million of its 4.5% convertible bonds 2010/2015 at a purchase price of 99.

The convertibles were bought back through market purchases on Feb. 12, according to a company notice.

After settlement, Frontline said it holds $131.6 principal amount, or 58.5%, of the convertibles.

Frontline is an Oslo-based oil tanker shipping business incorporated in Bermuda.

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