Golden Ocean buys back $600,000 3.07% convertibles due 2019 at 99

By Susanna Moon

Chicago, June 27 – Golden Ocean Group Ltd. said it bought another $600,000 of its 3.07% convertible bonds due 2019 at a price of 99 in the market on Wednesday.

After the purchase, Golden Ocean holds $25 million, or 12.5%, of the notes, convertible into 290,057 shares, according to a company notice.

The company said on June 13 that it repurchased $3.6 million more of the convertibles at 98.75.

The convertibles were issued in 2014.

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

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