DNO purchases $4 million of bonds due 2023 at 104.5

By Taylor Fox

New York, Aug. 17 – DNO ASA purchased $4 million of FAPE01 bonds due April 28, 2023 (ISIN: NO0010811268), which were originally issued by Faroe Petroleum plc and renamed DNO North Sea plc, according to a news release.

The bonds were purchased at a price of 104.5.

Following the bond buyback, $10.2 million of the bonds remain outstanding with DNO ASA holding the balance of $75.6 million.

DNO is an oil and gas operator based in Oslo.

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