Golden Ocean Group has repurchased $3.6m of a $200m convertible bond issue carried out more than two years ago.
The Norwegian company said it reacquired the debt from the 3.07% Golden Ocean Group Limited Convertible Bond Issue at 98.8% of par value.
Golden Ocean now holds $24.4m, or 12.2%, of the issue, convertible into 283,095 shares in the company at the current conversion price.
