NPRO: SUCCESSFUL PLACEMENT OF NEW SECURED BONDS
Reference is made to the notification dated 23 October 2017. Norwegian Property ASA has today completed a dual tranche NOK 1,400 m senior secured bond issue. The proceeds will be used for refinancing of existing debt and general corporate purposes. 3Y floating rate note: NOK 400 m priced at 3m NIBOR+1.00% p.a. 5Y floating rate note: NOK 1,000 m priced at 3m NIBOR+1.35% p.a. Nordea and SEB acted as Joint Managers for the issuance. For further information:Ane Grimsmo, Finance Manager, tel +(47) 938 73 885