Cermaq gets bondholder approval to redeem NOK 900 million bonds

By Tali David

Minneapolis, Oct. 31 - Cermaq ASA received bondholder approval to redeem its NOK 900 million of senior bonds due 2017, according to a bondholder notice from bond trustee Norsk Tillitsmann ASA.

Cermaq was seeking approval to redeem the bonds in full at 102% of par plus accrued interest within 10 banking days of the completion of the sale of its EWOS business, which supplies salmon feed and makes up a significant part of the company's assets.

The company announced on Oct. 31 that the EWOS transaction has been completed.

The bonds will be redeemed at 102 plus accrued interest on Nov. 5.

Cermaq is a fish farming group based in Oslo.

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