Norwegian Car Carriers partially exercises call on 10½% bonds

By Tali David

Minneapolis, Oct. 1 - Norwegian Car Carriers ASA is exercising in part the call option on its 10½% senior unsecured open bonds due 2015, according to a notice from bond trustee Norsk Tillitsmann ASA.

The bonds, with a nominal value of NOK 40 million, will be repaid at 102.5 plus accrued interest on Nov. 12.

To facilitate the pro-rata partial call, all bonds will be split to NOK 1, the notice said.

Norwegian Car Carriers, formerly Eidsiva Rederi ASA, is an Oslo-based shipping company that transports cars and other rolling cargoes.

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