The offshore vessel owner raised NOK 500m ($81.2m) from thesale of unsecured notes maturing in five years, it said today.

Trondheim-based Boa has already repurchased NOK 140.3m worthof its bonds maturing in March 2015 leaving only NOK 60m outstanding. 

Pareto Securities and SpareBank 1 Markets acted as arrangersof the new bond issue.

Boa owns a fleet of four offshore construction vessels andhas four newbuildings on the way.