Norsk Hydro: Successful placement of new bonds
01 November 2017 - 3:09AM
Reference is made to the announcement on October 18, 2017. Norsk
Hydro ASA has successfully issued senior unsecured bond issues in
total of NOK 3.0 billion and SEK 3.0 billion. The transaction is
split on five tranches: - 2Y SEK 1 billion fixed rate note with a
coupon of 0.125% p.a. (0.18% reoffer yield)- 3Y SEK 1 billion
floating rate note with a coupon of 3m Stibor + 0.75% p.a. (reoffer
spread 3m Stibor + 0.52% p.a.)- 5Y SEK 1 billion fixed rate note
with a coupon of 1.00% p.a. (1.115% reoffer yield)- 5Y NOK 2
billion floating rate note with a coupon of 3m Nibor + 0.75% p.a.
(reoffer spread 3m Nibor + 0.75% p.a.)- 7Y NOK 1 billion fixed rate
note with a coupon of 2.5% p.a. (2.548% reoffer yield) "We are very
pleased with the process and to have completed such a successful
placement of bonds. Interest from investors has been strong and we
believe we have accomplished highly competitive terms", says CFO
Eivind Kallevik. As previously announced the purpose of the bond
issues are general corporate purposes and refinancing of debt
raised in connection with the acquisition of Sapa AS. An
application will be made for the bonds to be listed at Oslo Børs.
DNB Markets, Handelsbanken Capital Markets and Nordea have acted as
Joint Lead Managers for the issuance. Investor contactContact Stian
HasleCellular +47 97736022E-mail Stian.Hasle@hydro.com Corporate
FinanceContact Peik NorenbergCellular +47 91761556 E-mail
Peik.Norenberg@hydro.com This information is subject of the
disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.
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