HAMILTON, Bermuda, Oct 07, 2014 (GLOBE NEWSWIRE via COMTEX) —
Frontline Ltd. (the “Company” or “Frontline”) announces that the Company has through market purchases executed October 6, 2014 bought USD 17,800,000 notional in the 4.50 % Frontline Ltd. Convertible Bond Issue 2010/2015 – ISIN NO 001057149.0 at a purchase price of 91.654%.
After the purchase, Frontline holds USD 52,800,000 notional representing 23.5% in the 4.50 % Frontline Ltd. Convertible Bond Issue 2010/2015 – ISIN NO 001057149.0.
October 6, 2014
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda
Questions should be directed to:
Jens Martin Jensen, Chief Executive Officer, Frontline Management AS, +47 23 11 40 00
Inger M. Klemp, Chief Financial Officer, Frontline Management AS, +47 23 11 40 76