NPRO - Completed bond issue in Norwegian Property
(Thomson Reuters ONE) - Norwegian Property ASA has today completed the placement of a new 2nd prioritypledged bond issue of NOK 235 million with maturity in March 2012, which will beused in connection with the refinancing of the outstanding 2nd priority bondNPRO03 with expiry in March 2010.The margin of the new bond is 2.75% above NIBOR and Loan to Value (LTV) of the1st and 2nd priority bonds together is within 80% of the external valuations asof 31 December 2009. Taking into account the two outstanding 1st priority bondswith security pledge in the same four properties, the average loan margin ofthis bond portfolio is 0.82%.DnBNOR Markets and Nordea Markets have been acting as joint arrangers.This information is subject of the disclosure requirements according to §5-12 ofthe Norwegian Securities Trading Act ('Verdipapirhandelloven').For further information, please contact:Svein Hov Skjelle, CFO, telephone +47 930 555 66Sigmund Sletvold, Director Transactions, telephone +47 977 43 143www.norwegianproperty.no
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Datum: 29.01.2010 - 16:48 Uhr
Sprache: Deutsch
News-ID 11879
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Oslo
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Business News
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"NPRO - Completed bond issue in Norwegian Property"
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