OSLO, Nov 6 (Reuters) - The head of Norwegian papermaker Norske Skog said on Thursday he was comfortable with the company's current debt level after the sale of its South Korean mills, but hopes to reduce debt further.
"We have achieved the targets that we started out with at the beginning of this year, but we are still looking to get debt further down," Chief Executive Christian Rynning-Toennesen told a conference call on the group's third-quarter results.
"We are quite comfortable where we are now, but want to get debt further down if possible," he said.
Net interest-bearing debt stood at 12.65 billion Norwegian crowns ($1.87 billion) at the end of the third quarter, down from 15.68 billion at the end of the second quarter, and the debt-to-equity ratio fell to 0.89 from 1.07, the company said.
(Reporting by John Acher) ($1=6.776 Norwegian Crown) Keywords: NORSKESKOG/DEBT

(john.acher@reuters.com; +47 22 93 69 76; Reuters Messaging: john.acher.reuters.com@reuters.net)

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