Norwegian Energy Co (Noreco) announces an early repayment of US $30.6m (NOK 250m) of NOR10 outstanding bonds. “Following the announcement of reaching a settlement agreement with our partners in Denmark and the ongoing process to monetise remaining assets and maximise value for stakeholders, the board of Noreco has concluded that an early prorata repayment of NOK 250m [$30.6m] of principal and accrued interests (NOK 600m/$73.4m of principal currently outstanding) will be made to the NOR10 bondholders as soon as practically possible,” Noreco said.
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