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OKEA ASA to Redeem Outstanding Bonds Ahead of Schedule

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OKEA ASA to Redeem Outstanding Bonds Ahead of Schedule

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OKEA ASA ( (DE:3SX) ) has issued an announcement.

OKEA ASA has announced its decision to exercise the call option to redeem all outstanding bonds under its senior secured bonds with ISIN NO0013009282, originally set to mature in September 2026. The new maturity date is set for July 2025, with a redemption price of 104.563%, impacting the company’s financial strategy and potentially influencing stakeholder expectations.

More about OKEA ASA

OKEA ASA is a prominent operator focusing on mid- and late-life assets on the Norwegian continental shelf. The company is known for its strategy of acquiring value where others divest, emphasizing growth, value creation, and capital discipline. OKEA is publicly traded on the Oslo Stock Exchange.

Average Trading Volume: 255,454

Current Market Cap: NOK1.95B

See more insights into 3SX stock on TipRanks’ Stock Analysis page.

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