Interoil to pay 8% PIK rate for July interest on 6% bonds due 2020

By Susanna Moon

Chicago, July 8 – Interoil Exploration and Production ASA will pay interest due July 22 in kind on its 6% senior secured callable bonds due 2020.

The in-kind interest will be paid at a rate of 8%, according to a notice by Nordic Trustee ASA.

The bonds were issued in 2015.

InterOil is an Oslo-based exploration and production company.

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