Aker: Notes are putable at 107 until Aug. 23 due to dividend payout

By Susanna Moon

Chicago, Aug. 9 – Aker BP ASA said the put option was triggered on its bond issue 2013/2020 as a result of a dividend payout.

The notes are putable until Aug. 23 at 107% of par plus accrued interest, up to its pro rata share of 493,018,750, according to a company notice.

The issuer paid a dividend with an aggregate amount of NOK 493,018,750 to its shareholders on Wednesday.

The maximum number of bonds to be repurchased by the issuer is equal to 493,018,750 divided by the face value, or 493,018,750, the release noted.

The issuer holds NOK 3,776,390 principal amount.

The leverage ratio as reported in the latest compliance certificate is 1.11x.

Aker is an exploration and development company based is Trondheim, Norway.

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