Oslo-listed offshore owner Subsea 7 has made another bond buyback deal to claw back its convertible issue due in 2017.
It said through market purchases on 30 June it had acquired another $4.2m of the notes at an average price of 96.63%.
Subsea 7 now has $234m of the notes, about 33% of the original $700m amount.
The bonds carry interest of 1%.
