Stavanger, 4 April 2011: Reference is made to the notification dated 1 April 2011, stating that Norwegian Energy Company ASA (Noreco, OSE: NOR) has successfully completed a new 5 year senior secured bond issue of NOK 600 million. The allocation between the two tranches of the bond issue has now been completed. The borrowing amount in the fixed rate tranche will be NOK 275 million and the borrowing amount in the floating rate tranche will be NOK 325 million. 

 

Rebekka Glasser Herlofsen, CFO (+47 916 60 269)

Kjetil Bakken, VP Strategy and Investor Relations (+47 91 889 889)

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)