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Prospect News home > News index > List of issuers F > Headlines for Faroe Petroleum plc > News item
Published on 9/26/2019 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

DNO buys back $13.6 million Faroe bonds due 2023 at 107.5

Chicago, Sept. 26 – DNO ASA purchased $13.6 million of 8% bonds due April 28, 2023 originally issued by DNO North Sea plc, formerly known as Faroe Petroleum plc.

The bonds were purchased at a price of 107.5.

Following the buyback, $51.6 million of the bonds remain outstanding, with DNO ASA holding the balance of $34.2 million.

Oslo-based DNO is an oil and gas operator focused on the Middle East and the North Sea.


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