NPRO: Successful placement of new secured bonds
Reference is made to the notification dated 27 May 2019. Norwegian Property ASA has today issued a total amount of NOK 950m in senior secured bonds. The transaction is split in three tranches:
- 3 Y floating rate bond: NOK 500m with a coupon of 3 months Nibor + 0.85%
- 5 Y floating rate bond: NOK 300m with a coupon of 3 months Nibor + 1.15%
- 7 Y fixed rate bond: NOK 150m with a coupon of 3.05% p.a.
The proceeds will be used for refinancing of existing debt and general corporate purposes.
Danske Bank, DNB Markets and SEB acted as Joint Lead Managers for the bond issuance.
For further information, please contact:
Haavard Rønning, CFO, Tel. +47 400 20 019.