Danish ro-ro group DFDS has completed a bond buyback worth NOK 535m ($68.82m).

The company said it would pay 101.5% of nominal value for the NOK 700m series, sold in 2013 and due next March.

The bonds pay interest of three months Nibor plus 2.9%

The buyback was launched after DFDS reported pre-tax profit of DKK 495m ($78.27m) for the second quarter, compared to DKK 443m in the corresponding quarter of 2016.