By Rebecca Melvin
Concord, N.H., June 8 – Bane NOR Eiendom AS issued NOK 1.5 billon green floating-rate notes in two tranches including notes due in three years and five years, according to an announcement.
The NOK 750 million three-year floaters priced with a coupon of Nibor plus 103 basis points.
The NOK 750 million of five-year floaters priced with a coupon of Nibor plus 126 bps.
In connection with the bond issue, the company bought back NOK 468 million in notes due June 28, 2023 (ISIN: NO0010826639).
Danske Bank was bookrunner of the issue.
The residential real estate developer is based in Oslo.
| Issuer: | Bane NOR Eiendom AS
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| Issue: | Floating-rate green notes
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| Amount: | NOK 1.5 billion
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| Bookrunners: | Danske Bank
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| Issue date: | June 7
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| Three-year floaters
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| Amount: | NOK 750 million
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| Term: | Three years
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| Coupon: | Nibor plus 103 bps
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|
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| Five-year floaters
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| Amount: | NOK 750 million
|
| Term: | Five years
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| Coupon: | Nibor plus 126 bps
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