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%.
The owner took out a DKK 400m ($61.18m) loan last month to help fund the buyback.
Fjord already owned NOK 121.5m of the series.
Norne Securities acted as sole manager for the buyback.
