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Published on 2/18/2011 in the Prospect News Liability Management Daily.

Norwegian Property buys back NOK 56 million of its bonds at par

By Toni Weeks

San Diego, Feb. 18 - Norwegian Property ASA announced that it bought back NOK 56 million of its bonds (NO 0010564412) at par, according to a news release.

After the repurchase, NOK 114 million of bonds, which have a coupon of Nibor plus 275 basis points, remains outstanding.

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


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