Norske Skog Buys Back Bonds


Oxoen, Sweden, 24 November 2008 -- Norske Skog has bought back bonds totalling USD 61.6 million (par value) in a USD bond loan maturing on 15 October 2011. Together with earlier purchase, Norske Skog's own holding now amounts to USD 86.6 million, and the residual loan is USD 513.4 million. The loan has a coupon rate of 7 5/8% and ISIN number is US656533AA45.