Transocean Norway Drilling AS announces completion of redemption of all outstanding bonds with ticker AKD03 and AKD04.

Wed Mar 6, 2013 3:31am EST

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 Transocean Norway Drilling AS, announces completion of redemption of all the outstanding bonds under its 11% Senior Unsecured Callable Bond Issue (2011/2016) with ISIN NO 001059938.4 and its FRN Senior Unsecured Callable Bond Issue (2011/2016) with ISIN NO 001059940.0                                                                                                                                                                                                                                     
 STAVANGER, NORWAY -Pursuant to the exercise of the call options announced on 23 January 2013, Transocean Norway Drilling AS (AKD03/AKD04) has on 6 March 2013 redeemed all of its issued and outstanding bonds under each of the 11% Senior Unsecured Callable Bond Issues (2011/2016) with ISIN NO 001059938.4 and the FRN Senior Unsecured Callable Bond Issues (2011/2016) with ISIN NO 001059940.0 with NOK 559,500,000 and NOK 940,000,000 being the principal amount of the respective outstanding bonds.  
 
 The redemption price is equal to 104.5% of the principal amount plus accrued and unpaid interest.                                                                                                                                                                                                                                                                                                                                                                                                              


This information is subject of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.




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Source: Aker Drilling via Thomson Reuters ONE


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