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Published on 4/30/2014 in the Prospect News Liability Management Daily.

E Forland to redeem NOK 75 million of callable bonds on May 8

By Tali Rackner

Norfolk, Va., April 30 - E Forland AS plans to redeem NOK 75 million of its senior secured callable bond due 2018, according to a notice.

The bonds will be redeemed at 103 plus accrued interest on May 8.

The redemption was triggered by an agreement in which Seisranger AS, a company in the Forland Shipping Group, will sell MV Seisranger to an undisclosed client.


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