Norsk Hydro: Successful placement of new bonds
(Thomson Reuters ONE) -
Reference is made to the announcement on October 18, 2017. Norsk Hydro 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 tranches:
- 2Y SEK 1 billion fixed rate note with a coupon of 0.125% p.a. (0.18% reoffer
yield)
- 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% reoffer
yield)
- 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% reoffer
yield)
"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 Eivind Kallevik.
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 Børs.
DNB Markets, Handelsbanken Capital Markets and Nordea have acted as Joint Lead
Managers for the issuance.
Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail Stian.Hasle(at)hydro.com
Corporate Finance
Contact Peik Norenberg
Cellular +47 91761556
E-mail Peik.Norenberg(at)hydro.com
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 contained therein.
Source: Norsk Hydro via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2017 - 17:08 Uhr
Sprache: Deutsch
News-ID 566028
Anzahl Zeichen: 2240
contact information:
Town:
Oslo
Kategorie:
Business News
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"Norsk Hydro: Successful placement of new bonds"
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