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Published on 1/25/2013 in the Prospect News Liability Management Daily.

Aker Yards defeases its 6.65% and floating-rate open bond issues

By Tali David

Minneapolis, Jan. 25 - Aker Yards ASA defeased its 6.65% open bond issue due 2013 and its floating-rate notes open bond issue due 2013, according to a notice from trustee Norsk Tillitsmann AS.

The company has deposited the full amount plus accrued interest in an escrow account.

The bonds were issued in 2006.

Aker Yards is a Norway-based industrial investment company engaged in active ownership.


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