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DOF Subsea AS - placement of new unsecured bond issue

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DOF Subsea AS has successfully completed an issuance of a NOK 750 million bond in the Norwegian bond market. Final maturity date is 14 April 2014. The bond will be sought listed on the Oslo Stock Exchange.

The bonds will be issued and redeemed at 100% of their principal amount. Proceeds from the bond issue will be applied for refinancing of existing debt and for general corporate purposes.

DOF Subsea AS has also bought back bonds with nominal value NOK 206.5 million  in the existing bond DOFSUB01 (ISIN: NO 001035895.5, maturity March 2011), at par (100%).  Remaining amount outstanding in DOFSUB01 is now NOK 289.5 million

Arctic Securities, First Securities, Nordea Markets and Pareto Securities have acted as Joint Lead Arrangers of the bond issue.

For further information, please contact:
 
DOF Subsea AS
Mons Aase, CEO , phone +47 91 66 10 12
Jan Nore, CFO, phone +47 48 09 46 99

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DOF ASA DOF Subsea Mons Aase

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