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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 3/22/2012 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

I.M. Skaugen redeems NOK 278.5 million bonds with new issue proceeds

By Marisa Wong

Madison, Wis., March 22 - I.M. Skaugen SE said it repurchased NOK 206 million of its series 10 bonds (ISIN: 0010604689) and NOK 72.5 million of its series 11 bonds (ISIN: 0010625924) after issuing NOK 350 million of new senior callable bonds due April 2017.

The company said that following the bond issue it will have enough liquidity to refinance any remaining bonds due in 2013.

I.M. Skaugen is an Oslo-based marine transportation service company engaged in the transportation of petrochemical gases and chemicals.


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