Norway’s Ocean Yield repurchases hybrid perpetual bonds

Chicago, June 6 – Ocean Yield AS announced two separate repurchases of its series 6 hybrid perpetual bond issue (ISIN: NO0010861594) in notices filed on Tuesday.

After a buyback of $6 million and a repurchase of $36.26 million, the company holds $81.5 million of the bonds out of a total nominal amount outstanding of $125 million.

Ocean Yield is a Lysaker, Norway-based owner of ships in the oil service and industrial shipping sectors.

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