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Published on 3/26/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Petrolia purchases NOK 30.5 million bonds from bond loan due June 2017

By Tali Rackner

Norfolk, Va., March 26 – Petrolia SE purchased NOK 30.5 million principal amount of bonds from its bond loan due June 20, 2017 (ISIN: NO0010683592 “PDR05 PRO”) on Thursday, according to a news release.

The bonds were redeemed at 55% of par plus accrued interest for a total redemption price of NOK 17,720,165.

Oslo-based Petrolia owns and charters drilling vessels for offshore, deepwater oil and gas exploration and development.


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