By Mary-Katherine Stinson
Lexington, Ky., Nov. 16 – Aker ASA sold NOK 500 million of 10-year green bonds, according to multiple notices.
The issuance was done in two parts, a NOK 300 million initial part and a NOK 200 million add-on, both of which took place on Nov. 16.
The bond priced with a coupon of 6.3%, or mid-swaps plus 295 basis points.
The add-on priced at 100.418. No issue price was listed for the initial bonds.
DNB Markets was the arranger for the initial issuance and SEB arranged the add-on.
Aker is an Oslo-based holding company engaged in offshore fishing, construction and engineering.
| Issuer: | Aker ASA
|
| Amount: | NOK 500 million (NOK 300 million initial, NOK 200 million add-on)
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| Issue: | Green bonds
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| Tenor: | 10 years
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| Arrangers: | DNB Markets for NOK 300 million, SEB for NOK 200 million add-on
|
| Coupon: | 6.3%
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| Issue price: | 100.418 for NOK 200 million add-on
|
| Spread: | Mid-swaps plus 295 bps
|
| Issue date: | Nov. 16
|
| Listing: | Oslo Stock Exchange
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