Transocean Norway calls 1.5 billion of 11% senior bonds, floaters

By Tali David

Minneapolis, Jan. 23 - Transocean Norway Drilling AS called all of its 11% senior unsecured callable bond issues and floating-rate senior unsecured callable bond issues, according to a notice.

There are currently NOK 559.5 million and NOK 940 million outstanding under the bonds, respectively.

The bonds will be redeemed at 104.5 plus accrued interest on March 6.

Transocean is an offshore oil and drilling contractor based in Zug, Switzerland. Transocean Norway is in Stavanger, Norway.

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