EuropeFinance and InsuranceOffshore
Boa Offshore continues bond buy-back scheme
Oslo-listed Boa Offshore has launched its offer to spend up to NOK 79.6m ($9.53m) in repurchasing more of the remaining BOAO03 PRO bonds it does not already own.
In April, the Norwegian company spent NOK 49.6m ($5.94m) in repurchasing the bonds. After the transaction, Boa’s total holding stood at NOK 70.4m ($8.43m) as of April 22.
The company is paying 101% of each bond’s par value, plus accrued interest, which will be settled in cash.