Golden Ocean repurchases $3.6 million more 3.07% convertibles due 2019

By Tali Rackner

Minneapolis, June 13 – Golden Ocean Group Ltd. repurchased $3.6 million more of its 3.07% convertible bonds due 2019 in a market purchase on Wednesday, according to a company release.

The company repurchased the convertibles at 98.75.

Following the repurchase, $24.4 million of the convertibles remain outstanding, representing 12.2% of the total amount of convertibles issued in 2014.

Golden Ocean is a dry bulk shipping company incorporated in Hamilton, Bermuda.

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