Norway's Hoegh LNG has used cash from its new bond issue to redeem older debt.

Last week it sold $177m of notes over five years at Nibor plus 500 basis points.

On Monday it said it had bought back NOK 99m ($11.82m) of its NOK 750m five-year issue at a price of 103%.

This debt carries interest of 6% and matures in October.

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