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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 11/29/2010 in the Prospect News Liability Management Daily.

Norwegian Property buys back NOK 60 million of its bonds at par

By Melissa Kory

Cleveland, Nov. 29 - Norwegian Property ASA announced that it bought back NOK 60 million of its bonds as part of a balance adjustment following the sale of Norgani Hotels.

After the repurchase, NOK 175 million bonds, which have a coupon of Nibor plus 275 basis points above Nibor, remain outstanding.

The bonds were repurchased at par.

Based in Oslo, Norway, Norwegian Property is a real estate company.


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