NOK 600 million unsecured bond issue completed
Reference is made to the announcement Monday 10th January 2011 regarding a contemplated offering of a NOK 400-600 million senior unsecured bond. The Company is pleased to announce that the bond offering has been completed, with a placement of NOK 600 million. The issue was oversubscribed. The bond will be listed on the Oslo Stock Exchange.
The bond has a term of 5 years and carries an interest rate of NIBOR + 6,75%.
Net proceeds from the issue will be used for general corporate purposes.
DnB NOR Markets, First Securities, Pareto Securities and Sparebank 1 Markets v/ Argo Securities acted as joint lead managers of the bond issue.
The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12
Contacts:
Teitur Poulsen, CFO, tel.:+47 950 82892
Knut Evensen, VP Investor Relations, tel.: +47 950 77622