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Steen & Strom offers to buy back all 2.62% senior bonds due 2022
Chicago, Sept. 7 – Steen & Strom ASA announced an offer to repurchase all of the NOK 450 million outstanding 2.62% senior bonds due June 8, 2022, according to an announcement.
The bonds were issued in 2015.
The company is offering a price equal to an annual rate based on Nibor plus 12 basis points for the remaining tenor.
The offer ends at 11 a.m. ET on Sept. 8.
Settlement is planned for Sept. 10.
Investors should contact DNB Markets to participate.
Oslo-based Steen & Strom owns and operates shopping centers.
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