NPRO: Norwegian Property ASA - Successful issuance of new SEK and NOK bonds
Norwegian Property ASA, rated Baa2 (Stable) by Moody's and BBB- (Stable) by Scope, has today issued SEK 200 million and NOK 1,300 million in new senior secured green bonds. The transaction was split into three tranches:
· A SEK 200 million, 3-year senior secured green bond issue with a floating rate coupon of 3 months Stibor + 0.85% p.a. (ISIN NO0013770107).
· A NOK 650 million, 5-year senior secured green bond issue with a floating rate coupon of 3 months Nibor + 1.03% p.a. (ISIN NO0013770123).
· A NOK 650 million, 5-year senior secured green bond issue with a fixed coupon of 5.668% p.a. (ISIN NO0013770099).
The net proceeds from the bond issue will be used to finance and/or refinance Eligible Projects as defined in and otherwise in accordance with the Green Bond Framework. Settlement is expected to take place on 18 September 2026. An application will be made for the Bonds to be listed on Oslo Børs.
SEB and Swedbank acted as Joint Lead Managers in the SEK transaction. SEB acted as Sole Lead Manager in the NOK transaction.
For further information, please contact:
Haavard Rønning, Interim CEO and CFO, Mobile +47 400 20 019
Norwegian Property is a focused and fully integrated office property company with properties located mainly in the Oslo area in Norway. The portfolio is characterized by central location and attractive premises with high quality tenants. The group's properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.