NPRO: Norwegian Property ASA - Contemplated NOK bond issuance
Norwegian Property ASA (rated BBB-/Stable by Scope Ratings) has mandated SEB to arrange a potential NOK-denominated senior secured bond issue. Subject to market conditions, one or more floating rate bond issues with expected tenors of 3–5 years may follow. The bond issues will be secured with a first priority pledge in "Terminalbygget" at Aker Brygge. NPRO intends to get the bonds rated, and according to the methodology of Scope Ratings the secured bonds will be notched up from the company rating to BBB. For further information, please contact: Haavard Rønning, Acting CEO and CFO,
