MARKETS

Farstad given more time

Farstad issue holders give Norwegian concern more time to sort out fiscal issues.

Farstad Shipping employee.

Farstad Shipping employee.

The company said yesterday it would not make the final payment on a bond due next month - a NOK400 million ($62.8 million) debt which was sold in 2012. It also has a NOK1 billion issue due next year. ...

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