NPRO: Redemption of own bonds
As a consequence of buy-backs of the own bond NO 0010564412 * NORWEGIAN PROPERTY ASA 10/12 to a total value of NOK 121 million done in 2010 and 2011, Norwegian Property ASA has redeemed the bond by a total of NOK 121 million. The remaining outstanding amount after the redemption is NOK 114 million with maturity in March 2012.
This information is subject of the disclosure requirements acc. to § 5-12.
For additional information, please contact:
Svein Hov Skjelle, CFO, tel. +47 930 555 66, shs@npro.no
Elise Heidenreich-Andersen, SVP IR, tel. +47 951 41 147, eha@npro.no
Norwegian Property is a focused and fully integrated office property company with 47 properties located in the Oslo area and Stavanger in Norway. The portfolio, which has a total fair value of NOK 15.6 billion, is characterized by central location and attractive premises with low vacancy and 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.
Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.