NPRO: Successful placement of new secured bond

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Reference is made to the notification dated 24 September 2020. Norwegian Property ASA has today issued a new NOK 500 million secured bond with a tenor of 5 years and with a floating interest rate of 3 months NIBOR + 1.37% p.a. The proceeds will be used for refinancing of the bond NPRO12 with maturity date 9. November 2020 and general corporate purposes.

SEB 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 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.

Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.