NPRO: Successful placement of new senior secured NOK bonds and buy-back of NPRO11

Norwegian Property ASA has today successfully issued NOK 200 million in new senior secured bonds with 5 years tenor. The bond issue has a coupon of 3 months Nibor + 0.82% p.a. Settlement of the bond issue is 9 September 2021.

In conjunction with the bond issue, Norwegian Property ASA has bought back NOK 200 million of NPRO11 with ISIN NO0010809338. The outstanding volume in NPRO11 following the buy-back is NOK 1,030 million.

Nordea acted as sole manager for the transactions.

For further information, please contact:
Haavard Rønning, CFO, +(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.

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