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Published on 8/18/2009 in the Prospect News Convertibles Daily.

Golden Ocean buys back $800,000 of convertible bonds at 61% of par

By Lisa Kerner

Charlotte, N.C., Aug. 18 - Golden Ocean Group Ltd. said it purchased $800,000 of nominal value of convertible bonds, or 3.2% of the total outstanding amount, at 61% of par value.

Based in Hamilton, Bermuda, Golden Ocean is a dry bulk shipping firm.


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