DNO ASA: Settlement of Bond Call Option
(Thomson Reuters ONE) -
Oslo, 7 August 2015 - DNO ASA, the Norwegian oil and gas operator, today
announced settlement of its call of all outstanding bonds under FRN DNO ASA
Senior Unsecured Callable Bond Issue 2011/2016, including the USD tranche with
ticker DNO13 and ISIN NO0010606189 and the NOK tranche with ticker DNO14 and
ISIN NO0010606197. The bonds were redeemed at a price of 101.5 percent of par
value as provided for under Clause 10.2.2 of the Bond Agreement.
The settlement follows the company's exercise of its option to call outstanding
bonds on 24 June 2015. Through exercise of the call option, USD 124.6 million in
the USD tranche of the bonds and NOK 421 million in the NOK tranche were
redeemed on 6 August 2015. The company's remaining debt consists of USD 400
million of new, five-year senior unsecured bonds issued on 19 June 2015.
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For further information, please contact:
Media: media(at)dno.no
Investors: investor.relations(at)dno.no
Tel: +47 911 57 197
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DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North
Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds
stakes in onshore and offshore licenses at various stages of exploration,
development and production in the Kurdistan region of Iraq, Yemen, Oman, the
United Arab Emirates, Tunisia and Somaliland.
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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO ASA via GlobeNewswire
[HUG#1944236]
Unternehmensinformation / Kurzprofil:
Datum: 07.08.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 412288
Anzahl Zeichen: 2174
contact information:
Town:
Oslo
Kategorie:
Business News
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"DNO ASA: Settlement of Bond Call Option"
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