NPRO: Successful placement of bonds

Norwegian Property ASA has successfully raised NOK 119 million in a tap issue in NPRO 07 with ISIN NO 0010794241 (Maturity: 31 May 2024) at yield of 3 month NIBOR+0,73%. Total outstanding loan amount after the transaction will be NOK 428 million.

Settlement date will be 17 February 2020.

SEB acted as Manager for the issuance.

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

Norwegian Property is a focused and fully integrated office property company with properties located in the Oslo area and Stavanger 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