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American Shipping to make Nov. 28 interest payment on bonds in kind
By Toni Weeks
San Luis Obispo, Calif., Aug. 13 - American Shipping Co. ASA, formerly Aker American Shipping ASA, has decided to make the Nov. 28 interest payment for its senior callable PIK bonds as payment-in-kind, according to a notice from trustee Norsk Tillitsmann ASA.
The issuer is a shipping company based in Oslo.
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