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.
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