Tethys Oil plans to redeem SEK 400 million of 9½% bonds on April 7

By Tali Rackner

Norfolk, Va., March 4 - Tethys Oil AB (publ) is exercising the call option on its SEK 400 million 9½% bonds due 2015, according to a notice.

The bonds will be redeemed at 104.5 plus accrued interest on April 7.

Tethys Oil is a Stockholm-based energy company focused on the exploration and production of oil and natural gas. Its core area is in Oman.

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