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Published on 11/24/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Jack-Up InvestCo 3 to redeem 11% senior bonds due 2018 at 110.07882

By Tali Rackner

Norfolk, Va., Nov. 24 – Jack-Up InvestCo 3 plc set the redemption price for its 11% senior secured callable bonds due 2018, according to a notice by Nordic Trustee ASA.

The bonds will be redeemed at 110.07882 plus accrued interest on Nov. 27.

The issuer is based in Malta. The notes are guaranteed by DBB Jack-up Services A/S, an Aarhus, Denmark-based provider of services to the offshore wind industry.


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