Oslo Bors seeks to call NOK 313 million of bonds on change of control

By Rebecca Melvin

New York, July 31 – Oslo Bors VPS Holding ASA said it is seeking bondholder approval to redeem the remaining NOK 313 million outstanding of a NOK 450 million bond subject to a change-of-control event, according to a notice filed with the London Stock Exchange.

Oslo Bors said it has approached the bond trustee, Nordic Trustee AS, regarding the request to call the notes. Under the terms of the bond, the issuer must notify bondholders at least four business days prior to the call date.

The bonds will be called at 101 plus accrued interest to the call date.

The announcement follows redemption of an initial NOK 137 million of the notes subject to a change-of-control put on July 15.

As previously reported, holders may require the issuer to purchase some or all of their bonds at 101 plus accrued interest after the change of control resulting from Euronext NV purchasing more than 50% of the outstanding shares and voting rights of Oslo Bors in June.

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