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Steen & Strom buys back NOK 352 million of bonds from one-day offer
Chicago, Sept. 8 – Steen & Strom ASA gave the results of the offer to purchase all of the NOK 450 million outstanding 2.62% senior notes due June 8, 2022 (ISIN: NO0010739907) that was part of a one-day offer, according to an announcement.
The company repurchased NOK 352 million of the notes at 101.325, corresponding to a yield to maturity of 0.82%.
Settlement is planned for Sept. 10.
After the buyback, there will be NOK 98 million of the bonds outstanding.
DNB Markets was the arranger.
Oslo-based Steen & Strom owns and operates shopping centers.
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