NPRO: Successful placement of new senior secured NOK bonds and buy-back of NPRO13

Norwegian Property ASA has successfully issued NOK 150 million with ISIN NO0011091274 (maturity 9 September 2026) at implied issue spread of 3m NIBOR + 81 bps.

In conjunction with the bond issue, Norwegian Property ASA has bought back NOK 126 million of NPRO13 with ISIN NO0010856719. The outstanding volume in NPRO13 following the buy-back is NOK 374 million .

Settlement date will be 9 September 2021.

DNB Markets 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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