NRC repurchases NOK 275 million bonds due 2024, calls remainder

By Mary-Katherine Stinson

Lexington, Ky., Oct. 13 – NRC Group ASA repurchased about NOK 275 million of its FRN senior unsecured open callable bond issue 2019/2024 (ISIN: NO0010861768) with an original maturity date of Sept. 13, 2024 and issued a clean-up call for the remainder of the issuer, according to multiple notices.

The entire bond issue will be redeemed on the call option repayment date of Oct. 27 at 101.122 plus accrued interest.

The record date is Oct. 25.

Nordic Trust AS is the bond trustee.

The redemption is in connection with the company’s new issue of krone-denominated four-year senior green bonds, which is expected to settle on Oct. 25.

NRC is a rail infrastructure contractor based in Oslo.

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