Dof Subsea saw its Oslo-listed bonds trade to new lows after the company warned about liquidity issues amid a still challenging market for offshore vessels.
In June, the Norwegian owner sold $175m in bonds maturing 2022, carrying a coupon semi-annual coupon of 9.5%.
The Oslo Stock Exchange last quoted the bonds trading at $0.89 on the dollar on the Oslo Stock Exchange following the company's third quarter results.
