Bluewater exercises call option on unsecured callable bonds due 2014

By Tali David

Minneapolis, Dec. 10 - Bluewater Holding BV is exercising the call option on its unsecured callable bond issue due 2014, according to a notice from trustee Norsk Tillitsmann ASA.

The bond will be repaid at 101 plus accrued interest on Jan. 27.

Bluewater designs, engineers, develops, constructs, supplies, installs, owns and operates floating production storage and offloading units. It is based in the Netherlands.

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