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.

 

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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