Stolt-Nielsen has splashed some of its new bond cash on redeeming earlier debt.
The Oslo-listed tanker owner sold $175m of notes this month.
In connection with this deal, it said it had acquired NOK 126.5m ($16m) of the NOK 800m SNI03 issue maturing in March 2018.
It paid 101.9% of par value. The debt carries interest of 4.75%.
The $175m sale was over-subscribed.
