NPRO: ISSUES NEW BOND
Norwegian Property ASA has issued a new 4 year bond totalling NOK 1 335 million.The loan is issued with an coupon of 3 month NIBOR + 1.50 % p.a. The loan is secured by pledge in the property Verkstedhallene based on an LTV of about 65 per cent.The bond has been issued with payment 5 July 2016. The purpose of the bond is refinancing of existing bank loan and general corporate purposes.Norwegian Property will apply for the new bond to be listing on Oslo Børs. In connection with the issue of the new bond, Norwegian Property has bought NOK 388 million of NPRO 01. The bond is secured by