| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Norske Skogindustrier buys back NOK 237 million floaters due 2012
By Angela McDaniels
Tacoma, Wash., June 23 - Norske Skogindustrier ASA said it repurchased NOK 237 million principal amount of its NOK 1.1 billion floating-rate bonds due March 1, 2012.
The purchase price was 83% of par, according to a company news release.
The repurchase was made in connection with the company's issuance of NOK 750 million principal amount of new bonds due June 30, 2014 in the Norwegian market, including NOK 580 million of bonds with a fixed interest rate of 15½% and NOK 170 million with a floating rate of Nibor plus 1,150 basis points.
Plans for the new bonds were announced June 15. At the time, the company said it was considering holding a tender offer for the floating-rate bonds due 2012.
Norske Skog is an Oxenoen, Norway-based paper and pulp company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.