Hafslund has entered into a loan agreement with investors in Japan. The loan amounts to 3 billion YEN, which is swapped to about 175 million NOK. The private placement agreement has a tenor of 8 years. The terms of the loan are competitive to terms reached in the Norwegian loan market. The loan is raised as part of the ongoing re-financing of the loan portfolio of Hafslund, and will contribute to spread of loan maturity and to diversify the types of lenders.

 

Hafslund ASA
Oslo, 19 August 2005

 

For further information please contact:
 
CFO Christian Berg,   + 47 917 46 910