Vår Energi ASA announces pricing of its inaugural issuance of Euro Subordinated Fixed Rate Reset Securities
Sandnes, Norway, 8 November 2023: Vår Energi ASA (OSE: VAR, “Vår Energi”) has today successfully priced its inaugural issuance of EUR 750 million Subordinated Fixed Rate Reset Securities due 2083 (“Securities”), distributed to institutional investors outside the United States only. The issuance is expected to close on or around 15 November 2023. The transaction has been very well received by the market with an order-book over 3x times oversubscribed at the peak (above €2.4bn, at guidance). The Securities will be issued at a price equal to 100% of their aggregate principal amount. The