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Boa Offshore to make NOK 5.38 million distribution on 2013/2018 bonds
By Caroline Salls
Pittsburgh, June 18 – Boa Offshore AS will make a NOK 5.38 million distribution to holders of its senior unsecured bond issue 2013/2018 on June 22, according to a notice released Monday by bond trustee Nordic Trustee AS.
The payment will be made to bondholders of record as of June 20.
The trustee said the distribution will come from proceeds of asset realization.
According to the notice, no interest will be settled in accordance with the asset realization. Instead, interest will be attributed to the remaining bonds on the next interest payment date in the form of additional bonds.
The fixed rate for the interest period to be settled on Sept. 18 will be 0.40797%.
There are currently NOK 439.59 million of the bonds outstanding.
Boa provides offshore services worldwide and is based in Trondheim, Norway.
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