Financing2018-11-13T11:55:03+00:00

FINANCING

FINANCING

Norwegian Property has established as part of its finance policy that the LTV level should be between 45-55%.

The company’s goal is to reduce refinancing risk through a diversified maturity profile.

Funding sources are split between bank loans and bonds. As real estate is a capital-intensive business, it is essential for the company to maintain good relations with several large banks, active and stable in the Norwegian market.

Since 2014 the bond market has become an increasingly important funding source to Norwgeian Property.

By the end of Q3-2018 the split was 30% bank loans and 70% bonds.

Split on bank loans and bonds

NPRO statistikk

Maturity profile

NPRO statistikk

Below is a list of outstanding bonds:

Below is a list of outstanding bonds:

ISIN nr Name Document (links) Amount Interest Maturity Mortgaged property
NO 0010809346 NPRO 12 Securities Note 400 mnok FRN 2017-2020 Terminalbygget
NO 0010809338 NPRO 11 Securities Note 1 230 mnok FRN 2017-2022 Terminalbygget
NO 0010805104 NPRO 10 Securities Note 570 mnok 2,525 % 2017-2022 Gullhaugveien 9-13
NO 0010799547 NPRO 09 Securities Note 300 mnok 2,93 % 2017-2024 Drammensveien 60
NO 0010794258 NPRO 08 Securities Note 450 mnok 2,95 % 2017-2024 Fondbygget
NO 0010794241 NPRO 07 Securities Note 220 mnok FRN 2017-2024 Fondbygget
Supplement to Registration Document 2017.06.26
NO 0010768195 NPRO 06 Securities Note 1 335 mnok FRN 2016-2020 Verkstedhallene
Registration Document 2017.01.03
NO 0010720600 NPRO 05 Securities Note 350 mnok FRN 2014-2019 Bryggegata 9
Supplement to Registration Document 2014.10.20
Registration Document 2013.10.30