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Norwegian Car Carriers to redeem NOK 40 million 10½% bonds on Dec. 20
By Toni Weeks
San Luis Obispo, Calif., Nov. 8 - Norwegian Car Carriers ASA set the redemption date for its previously announced partial call to redeem NOK 40 million of its 10½% senior open bonds due 2015, according to a notice from bond trustee Norsk Tillitsmann ASA.
The bonds will be redeemed on Dec. 20 at a redemption price of 102.5 plus accrued interest.
The record date will be Dec. 18.
To facilitate the pro-rata partial call, all bonds will be split into denominations of NOK 1, according to a previous notice.
Norwegian Car Carriers, formerly Eidsiva Rederi ASA, is an Oslo-based shipping company that transports cars and other rolling cargoes.
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