Siem Industries has revealed its intention to buy bonds worth more than $23m if its bondholders approve the company’s latest amendment proposal.
The Kristian Siem-led group has launched an offer to buy debt worth NOK 200m ($23.4m), currently held by bondholders in the SIOFF01 and SIOFF02 bonds.
Starting from today, the offer will close on 11 April and it is conditional upon the approval of the summons submitted to bondholders earlier this week.
