According to the Bond Agreement clauses 9.2 and 9.5 Interoil will pay the interest due on 22 January 2017 in kind. The interest will thus be made in the form of additional Bonds.
See attached the notice to Bondholders.
Interoil Exploration and Production ASA is a Norwegian based exploration and production company - listed on the Oslo Stock Exchange - with focus on Latin America.
The Company is operator of several production and exploration assets in Colombia. Interoil currently employs approximately 70 people and is headquartered in Oslo.