English

NPRO: Norwegian Property ASA - Successful tap issue of NPRO23 and buy-back of NPRO20

Report this content

Norwegian Property ASA has today successfully issued NOK 500 million in a tap issue of NPRO23 (ISIN: NO0011086969) at an issue spread of 3m NIBOR + 65.5 bps.
In connection with the tap issue, the company has bought back NOK 394 million of NPRO20 (ISIN: NO0010894785).
The proceeds will be used to refinance NPRO20 and for general corporate purposes.
The settlement date is May 26, 2025.
SpareBank 1 Markets was the manager for the transaction.

For further information, please contact: Haavard Rønning, CFO, Mobile +47 400 20 019.

Norwegian Property is a focused and fully integrated office property company with properties located mainly in the Oslo area in Norway. The portfolio is characterized by central location and attractive premises with high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.

www.npro.no

Subscribe