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    Aker yards refinanced

    Yard News // July 23, 2004
    As previously announced, Aker Yards is in the process of refinancing the Group.

    As a part of that process, Aker Yards has concluded a three-year syndicated bank-loan facility of NKr 300 million.

    Further, Aker Yards has issued the first tranche of NKr 200 million in a subordinated bond with a fixed interest of 8.6 per cent. The total frame for this four year bond is NKr 600 million.

    The company intends to list the bond at the Oslo Stock Exchange.

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