New York, Dec. 12 – Kistefos AS sold a NOK 150 million add-on to its bonds due Dec. 5, 2019, according to a company announcement.
The coupon is Nibor plus 750 basis points.
ABG Sundal Collier and DNB Markets acted as joint lead arrangers.
Following the sale of the additional bonds, the issue has NOK 800 million outstanding.
Proceeds will be used to refinance outstanding bonds and for general corporate purposes.
Concurrently with the new issue, Kistefos bought back NOK 90 million of its outstanding bond issue that trades under the symbol KIST02 PRO at a price of 101.
Kistefos is a private investment company based in Oslo.
| Issuer: | Kistefos AS
|
| Issue: | Bonds
|
| Amount: | NOK 150 million add-on to existing NOK 650 million
|
| Maturity: | Dec. 5, 2019
|
| Lead arrangers: | ABG Sundal Collier, DNB Markets
|
| Coupon: | Nibor plus 750 bps
|
| Announcement date: | Dec. 12
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
