Canada markets open in 3 hours 54 minutes
  • S&P/TSX

    21,077.35
    -85.30 (-0.40%)
     
  • S&P 500

    4,701.21
    +14.46 (+0.31%)
     
  • DOW

    35,754.75
    +35.32 (+0.10%)
     
  • CAD/USD

    0.7892
    -0.0014 (-0.17%)
     
  • CRUDE OIL

    72.07
    -0.29 (-0.40%)
     
  • BTC-CAD

    62,260.25
    -1,840.35 (-2.87%)
     
  • CMC Crypto 200

    1,282.55
    -22.57 (-1.73%)
     
  • GOLD FUTURES

    1,782.90
    -2.60 (-0.15%)
     
  • RUSSELL 2000

    2,271.71
    +17.92 (+0.80%)
     
  • 10-Yr Bond

    1.5090
    0.0000 (0.00%)
     
  • NASDAQ futures

    16,324.25
    -68.00 (-0.41%)
     
  • VOLATILITY

    20.68
    -1.21 (-5.53%)
     
  • FTSE

    7,318.59
    -18.46 (-0.25%)
     
  • NIKKEI 225

    28,725.47
    -135.15 (-0.47%)
     
  • CAD/EUR

    0.6970
    +0.0003 (+0.04%)
     

Successful issuance of senior unsecured bonds

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Bank Norwegian ASA (the “Bank”) refers to its announcement on 27 October 2021 regarding a contemplated bond issue.

The Bank has today issued NOK 1,200 million senior unsecured bonds with a coupon rate equal to 3 months NIBOR + 1.12% p.a. and a 2.5 year tenor. The settlement date for the bond issue is 3 November 2021, subject to customary conditions precedent. The bond issue is structured to meet MREL requirements and the net proceeds thereof will be used for general corporate purposes.

The bonds will be governed by Nordic Trustee’s template loan agreement for MREL-eligible senior bonds (aka “restricted senior preferred”) as further specified in the Term Sheet. An application will be made for the bonds to be listed on Oslo Stock Exchange within 90 days of issuance.

Nordea and Swedbank acted as joint lead managers for the transaction.


Contact persons:

Interim CEO and CFO Klara-Lise Aasen; phone +47 47 63 55 83; kaa@banknorwegian.no

Head of treasury Mats Benserud; phone +47 95 89 15 39; mbe@banknorwegian.no (mailto:mbe@banknorwegian.no)


This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting