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Published on 1/17/2018 in the Prospect News High Yield Daily.

New Issue: Aker Solutions sells NOK 1.5 billion five-year bonds at Nibor plus 265 bps

By Susanna Moon

Chicago, Jan. 17 – Aker ASA sold NOK 1.5 billion of five-year senior notes at Nibor plus 265 basis points

“The bond issue was substantially oversubscribed,” according to a press release.

The company said on Jan. 15 that it planned a series of investor meetings in the Nordic region beginning Tuesday arranged by Arctic Securities, Nordea and SEB.

Proceeds will be used for general corporate purposes.

Aker is an Oslo-based industrial investment company.

Issuer:Aker Solutions ASA
Issue:Senior bonds
Amount:NOK 1.5 billion
Maturity:January 2023
Coupon:Nibor plus 265 bps
Joint lead managers:Arctic Securities, Nordea and SEB
Announcement date:Jan. 15
Settlement date:Jan. 31
Listing:Oslo Stock Exchange

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