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Published on 11/17/2023 in the Prospect News High Yield Daily.

New Issue: Norway’s Omda places NOK 500 million five-year floating-rate bonds

Chicago, Nov. 17 – Omda AS placed NOK 500 million of five-year floating-rate bonds, according to a press release.

The coupon will be Nibor plus 600 basis points.

Proceeds will be used to refinance the existing senior secured bond issue due in 2024 and for general corporate purposes.

Carnegie AS and DNB Markets acted as joint bookrunners.

Investor meetings started Nov. 10.

The bonds will be listed on Nordic ABM and in Frankfurt. The bonds are being issued under a NOK 1 billion framework.

Omda provides specialized software for health care and emergency services in the Nordics. The company recently changed its name from CSAM Health Group AS in September.

Issuer:Omda AS
Amount:NOK 500 million
Issue:Floating-rate bonds
Tenor:Five years
Bookrunners:Carnegie AS and DNB Markets
Coupon:Nibor plus 600 bps
Settlement date:Nov. 17
Marketing:Investor meetings

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