HNA/HNB - Favourable refinancing for Hafslund

Hafslund ASA has issued a new bond with a term to maturity of 10 years (2004/2014). The bond has fixed interest rate at 6.20 %, corresponding to a swap spread of 120 basis points.

- We are very pleased with this. The market for loans with long duration has been poor for corporates for a long time, says CFO Christian Berg. The loan will extend the maturity profile of Hafslund's loan portfolio and the proceeds will be used to refinance loans maturing in the beginning of 2004.
The size of the first tranche is NOK 750 million, whereas maximum total amount issued is NOK 1,500 million. Arranger: Swedbank.
Oslo, 19 December 2003
For further information please contact:
CFO Christian Berg, + 47 917 46 910


  • Hafslund