Unternehmensnachrichten
Bonds - Noreco completes refinancing of NOR01 and NOR02 bonds and new bond issue of NOK 2,000 million
30.11.09 | 17:09 UhrThe two new bonds with ISIN NO 001 054843.1 and ISIN NO 001 054844.9 (the "New Bonds") were issued as scheduled 20 November 2009 and includes a NOK 750 million 3 year bond with a coupon of 3 months NIBOR 7.90 % p.a. and a NOK 1,250 million 5 year bond with a fixed rate coupon of 12.90 % p.a.. The New Bonds are bullet loans with no installments. An application will be made for the New Bonds to be listed at Oslo Børs.
The two new bonds with ISIN NO 001 054843.1 and ISIN NO 001 054844.9 (the "New Bonds") were issued as scheduled 20 November 2009 and includes a NOK 750 million 3 year bond with a coupon of 3 months NIBOR 7.90 % p.a. and a NOK 1,250 million 5 year bond with a fixed rate coupon of 12.90 % p.a.. The New Bonds are bullet loans with no installments. An application will be made for the New Bonds to be listed at Oslo Børs.
- This refinancing extends the maturity of the loans, reduces the borrowing costs and puts in place a leaner covenant structure which gives the company more flexibility, says Scott Kerr.
The two existing bonds NOR01 (NO 001037906.8) and NOR02 (NO 001037907.6) totaling NOK 2,240 million (together the "Existing Bonds") have been redeemed today as scheduled and this completes the refinancing of the Existing Bonds.
Pareto Securities has acted as Sole Lead Manager for the new bond issue and BNP Paribas, First Securities and SEB Merchant Banking have acted as Co-Managers.
Contacts: Einar Gjelsvik, Vice President Strategy & IR ( 47 99 28 38 56)
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Url zum Artikel:
http://www.ad-hoc-news.de/bonds-noreco-completes-refinancing-of-nor01-and-nor02--/de/Unternehmensnachrichten/20754178
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The two new bonds with ISIN NO 001 054843.1 and ISIN NO 001 054844.9 (the "New Bonds") were issued as scheduled 20 November 2009 and includes a NOK 750 million 3 year bond with a coupon of 3 months NIBOR 7.90 % p.a. and a NOK 1,250 million 5 year bond with a fixed rate coupon of 12.90 % p.a.. The New Bonds are bullet loans with no installments. An application will be made for the New Bonds to be listed at Oslo Børs.
The two new bonds with ISIN NO 001 054843.1 and ISIN NO 001 054844.9 (the "New Bonds") were issued as scheduled 20 November 2009 and includes a NOK 750 million 3 year bond with a coupon of 3 months NIBOR 7.90 % p.a. and a NOK 1,250 million 5 year bond with a fixed rate coupon of 12.90 % p.a.. The New Bonds are bullet loans with no installments. An application will be made for the New Bonds to be listed at Oslo Børs.
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