Aban Offshore is trading higher by 2.2% at Rs 512, bouncing back almost 5% from day’s low of Rs 489, after the company said it has redeemed bonds worth of $170 million or about Rs 835 crore on due date.

“DDI Holding, AS, a wholly owned subsidiary of the company, has redeemed the bonds having a principal amounts of $100 million and Norwegian Kroner 400 million (equivalent to an aggregate amount of $170 Million about Rs 835 crore) along with accrued interest, on the due date i.e. March 15, 2012," Aban Offshore said in a filing to the stock exchanges.

As many as a combined 1.09 million shares have already changed hands on the counter on morning deals, against an average 1.02 million shares that were traded daily in past two weeks on the NSE and BSE.