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Coastal Holding calls NOK 400 million 5.23% bonds due 2020 at 102.5
By Susanna Moon
Chicago, Nov. 28 – Coastal Holding AS notified the trustee that it is exercising the call option for its NOK 400 million of 5.23% bonds due Nov. 16, 2020.
The notes will be redeemed on Dec. 12.
The notes are callable at 102.5% of par from Nov. 16 to but excluding May 16, 2019.
Holders also will receive accrued interest.
The record date is Dec. 10.
The notes were issued Nov. 16, 2017.
Nordic Trustee AS is the trustee.
Coastal provides marine shipping services and is based in Oslo, Norway.
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