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Bergen Group to redeem senior secured bonds March 27 at 102
By Marisa Wong
Madison, Wis., March 22 - Bergen Group ASA will redeem its senior secured bonds, issue 2010/2013, according to a notice from bond trustee Norsk Tillitsmann ASA.
The bonds will be redeemed at 102 plus accrued interest.
The notice said that due to technical limitations during the ex-coupon period, payment of the principal will be made on March 27, but payment of interest will be made on April 9.
Interest will be aggregated for the full interest period until April 9, but due to the call an amount corresponding to 13 days of interest will be deducted from the payment of principal and the 2% premium to be made on March 27.
Based in Bergen, Norway, the issuer is a maritime company focused on the offshore industry and specialized vessels.
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