BWG Homes holders may put back bonds after change-of-control event

By Jennifer Chiou

New York, June 26 – BWG Homes ASA announced that following a change-of-control event, holders of three series of its senior bonds may exercise their right to put back their securities on or prior to Sept. 26 at par plus accrued interest.

The change of control followed OBOS BBL’s purchase of 100% of the shares of BWG. Those shares will be delisted.

The affected bonds series are due in 2015, 2016 and 2018 with ISINs of NO0010637325, NO0010665359 and NO0010695042, respectively.

Nordic Trustee ASA is the bond trustee.

BWG Homes is a homebuilding company based in Oslo.

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