Reference is made to the announcement on October 18, 2017. Norsk Hydro
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ASA has successfully issued senior unsecured bond issues in total of NOK
3.0 billion and SEK 3.0 billion. The transaction is split on five
- 2Y SEK 1 billion fixed rate note with a coupon of 0.125% p.a. (0.18%
- 3Y SEK 1 billion floating rate note with a coupon of 3m Stibor + 0.75%
p.a. (reoffer spread 3m Stibor + 0.52% p.a.)
- 5Y SEK 1 billion fixed rate note with a coupon of 1.00% p.a. (1.115%
- 5Y NOK 2 billion floating rate note with a coupon of 3m Nibor + 0.75%
p.a. (reoffer spread 3m Nibor + 0.75% p.a.)
- 7Y NOK 1 billion fixed rate note with a coupon of 2.5% p.a. (2.548%
"We are very pleased with the process and to have completed such a
successful placement of bonds. Interest from investors has been strong
and we believe we have accomplished highly competitive terms", says CFO
As previously announced the purpose of the bond issues are general
corporate purposes and refinancing of debt raised in connection with the
acquisition of Sapa AS.
An application will be made for the bonds to be listed at Oslo
DNB Markets, Handelsbanken Capital Markets and Nordea have acted as
Joint Lead Managers for the issuance.
Contact Stian Hasle
Cellular +47 97736022
Contact Peik Norenberg
Cellular +47 91761556
This information is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
Source: Norsk Hydro via Globenewswire
(END) Dow Jones Newswires
October 31, 2017 12:23 ET (16:23 GMT)