NPRO: Norwegian Property ASA – Fixed income investor meeting and contemplated NOK bond issuance

Norwegian Property ASA, rated BBB- (Negative) by Scope, has mandated DNB Markets and SEB to arrange a virtual fixed income investor meeting on 27 May 2024.

Subject to market conditions, one or more NOK denominated senior secured floating and/or fixed rate bond issues with expected tenors of 3-7 years may follow. The bond issues will be secured with a first priority pledge in “Fondbygget” on Aker Brygge. NPRO intends to get the transaction rated.

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 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.

www.npro.no