Norske Skog bonds jump as results herald deleveraging

02 Aug 2012

Bonds of Norske Skog jumped around five points higher on Thursday, after the Norwegian paper company gave news of its deleveraging, according to a banker.

The company’s net interest-bearing debt fell from Nkr7.1bn to Nkr6.9bn during the second quarter. This is mainly due to sales of assets such as the Follum industrial area in Hønefoss in Norway and a mill at Bio Bio in Chile.

Norske Skog has also managed to achieve higher cash ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data