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OKEA to redeem $120 million secured bond with new issue
By Mary-Katherine Stinson
Lexington, Ky., Aug. 30 – OKEA AS said it plans to issue a call notice for its outstanding $120 million senior secured bond (ISIN: NO0010869175), according to a company announcement.
The redemption will be partially funded by proceeds from OKEA’s placement of $125 million of 9 1/8% three-year bonds, with the remainder coming from cash on hand.
OKEA is a Trondheim, Norway-based oil and gas company.
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