NORWEGIAN PROPERTY ASA IS CONTEMPLATING NOK BOND ISSUANCE
Norwegian Property ASA has mandated Nordea and SEB to investigate the opportunity to issue new bonds in the Norwegian bond market. A senior secured bond issue with maturity of 4 to 7 years may be completed, subject to market conditions.
In conjunction with the contemplating bond issue, Norwegian Property ASA will seek for an early redemption of the existing bonds NPRO02 and NPRO03 with ISIN NO0010695034 and NO0010695026, respectively.
For further information, please contact:
Ane Grimsmo, Finance Manager, +(47) 938 73 885.
This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.
Norwegian Property is a focused and fully integrated office property company with 32 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 14.6 billion, is characterized by central location and attractive premises high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.
Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.