Host Hoteleiendom to redeem NOK 22.5 million of secured bonds

By Tali David

Minneapolis, March 14 - Host Hoteleiendom AS will redeem NOK 22.5 million of its senior secured bonds at 102 plus accrued interest on March 30, according to a notice from trustee Norsk Tillitsmann ASA.

The mandatory redemption will be a result of the company entering into a letter of intention related to a sale of the Host Ambassadeur Drammen AS and all operations in First Hotel Ambassadeur.

Host Hoteleiendom is a Spydeberg, Norway-based real estate company.

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