Institutional investors in the US snapped up its newly issued senior notescarrying a coupon of 7.25% and maturing in 2019, the Nasdaq-listed drillship and rig owner saidtoday.
Proceeds from the sale are being used to repurchase its 9.5%senior unsecured notes due 2016.
Over 90% of holders have agreed to redeem the bonds in atender offer which ends 7 April, the company added in a stock exchange filing.
