NPRO: Successful placement of a new senior secured bond

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Reference is made to the notification dated 23 September 2019. Norwegian Property ASA has today issued a new NOK 505m senior secured bond with a fixed interest rate of 2.666% p.a. (corresponding to 3m Nibor + 1.05%).

The proceeds will be used for refinancing of existing debt and general corporate purposes. Nordea acted as Sole Manager for the bond 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.