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Orkla ASA – Successful issuance of NOK green bonds

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Reference is made to the stock exchange notice of 25 May 2021. Orkla ASA has today completed a successful placement of senior unsecured green bonds with a total amount of NOK 1,500 million split on two different tranches:

  • NOK 1,000 million in a 7-year bond was placed in the market with a coupon of 3m Nibor + 0.62% p.a. In addition, Orkla will issue NOK 500 million and retain these bonds as own holdings, which give a total volume of NOK 1,500 million.
  • NOK 500 million in a 10-year bond was placed in the market with a coupon of 2.4425 % p.a. In addition, Orkla will issue NOK 1,000 million and retain these bonds as own holdings, which give a total volume of NOK 1,500 million.
 

The purpose of the bond issues is to finance and refinance green projects as described in Orkla’s green bond framework.

An application will be made for the bonds to be listed at Oslo Børs.

 

DNB Markets, Handelsbanken Capital Markets and SEB have acted as Joint Lead Managers for the issuance.  

SEB has been the Sole Structuring Advisor of Orkla’s green bond framework.

 

Orkla ASA

Oslo, 27 May 2021

 

Ref.:

Senior Vice President Group Treasury

Geir Solli

Tel.: +47 995 42 789

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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