Norway’s Rem Offshore buys back NOK 235 million of three note series

By Susanna Moon

Chicago, Sept. 11 – Rem Offshore ASA said it bought back three series of bonds with some proceeds of a new issue of floating-rate bonds.

The company repurchased NOK 175 million bonds due January 2015, NOK 10 million bonds due March 2015 and NOK 50 million bonds due March 2018, according to a company press release.

The company issued NOK 500 million of five-year floating-rate bonds with interest of Nibor plus 525 basis points on Thursday.

The fishing and supply shipping company is located in Fosnavaag, Norway.

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