Prosafe Asa Bids For Repurchase Of Prs01, Isin No 001 021643.5
Posted: 16 February 2005
Prosafe ASA has decided to set forward a bid for repurchase of PRS01, ISIN NO 001 021643.5, in return for issuing a new 5-year floating rate note. Prosafe ASA offers to buy back PRS01 at a price equivalent to 3-month NIBOR plus 0.60 % to maturity.
The repurchase price will be fixed on Friday March 25th at 12:00 hrs. Settlement date of the transaction is March 9th 2005. The new bond will be repaid on March 9th 2010, and interest payments are based on 3-month NIBOR plus 1.15%.
Repurchase of PRS01 is conditional on current investors purchasing the new bond. An application will be made for a listing of the bond on the Oslo Stock Exchange. Pareto Securities ASA is the arranger.
Posted by Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
