NPRO: Successful issuance of NOK bonds

Reference is made to the notification dated 16 November 2020. Norwegian Property ASA has today issued NOK 1,250 mill in new senior secured bonds. NOK 400 mill has been issued with a tenor of 3 years and a coupon of 3 month Nibor + 1.06% while NOK 850 mill has been issued with a tenor of 5 years and a coupon of 3 month Nibor + 1.33%. The transaction was substantially oversubscribed.

DNB Markets and SEB acted as Joint Bookrunners.

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 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.

www.npro.no