New York, May 25 - Ocean Rig ASA said it priced NOK105 million of 7% senior unsecured convertible bonds that mature June 2007.
The Stavanger, Norway, offshore drilling rig operator said the convertibles were sold to international and Norwegian professional investors in a private placement. They were not registered for sale in the United States.
Ocean Rig stock closed at NOK14.20 on Monday.
Issuer: | Ocean Rig ASA
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Issue: | Senior unsecured convertible bonds
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Amount: | NOK105 million
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Maturity: | June 2007
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Coupon: | 7%
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Conversion price: | NOK19
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Call: | Up to Dec. 18, 2004 at 130
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