Norwegian ferry owner Fjord Line has bought back NOK 102.5m ($12.2m) of its bonds.

The company said it paid a fixed price of 103.5 % of par.

It had offered to repurchase up to NOK 178.5m of the NOK 300m five-year issue maturing in February 2018.

The deal leaves an outstanding NOK 76m due on the bond, which pays interest of 8.75%.