Selvaag Bolig ASA: Successful placement of unsecured bonds

Selvaag Bolig ASA has successfully completed the issuance of a NOK 500 million five-year senior unsecured bond issue with maturity in June 2018.

The settlement date for the bond issue is expected to be 27 June 2013. An application will be made for the listing of the bond on Oslo Stock Exchange.

Net proceeds from the bond issue will be used for refinancing of existing debt and for general corporate purposes.

"We are excited to have successfully placed our first bond," says CEO Baard Schuman.

"Improved access to capital markets was an important reason for our flotation on the Oslo Stock Exchange one year ago. In addition to strengthening our liquidity position, allowing us to take advantage of attractive investment and other market opportunities, the bond issue will diversify our funding sources and extend the maturity profile of our debt."

Further information from
Baard Schumann, CEO, Selvaag Bolig ASA
Telephone: +47 940 80 000, e-mail: bs@selvaagbolig.no

Haavard Rønning, CFO, Selvaag Bolig ASA
Telephone: +47 400 20 019, e-mail: hroe@selvaagbolig.no

Selvaag Bolig ASA is a residential property developer controlling the entire value chain from acquisition of land to sale of homes. The company has several thousand homes under construction at any given time, and focuses on the growth areas in and around Greater Oslo, Bergen and Stavanger. Selvaag Bolig represents a continuation of Selvaag's 60-year history and experience, and offers a broad variety of property types marketed under the brand names Start, Hjem and Pluss. The company is headquartered at Løren in Oslo.