E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/1/2017 in the Prospect News High Yield Daily.

New Issue: Norwegian Air prices NOK 250 million three-year floaters at Nibor plus 395 bps

By Susanna Moon

Chicago, Nov. 1 – Norwegian Air Shuttle ASA said it sold NOK 250 million of three-year secured bonds at Nibor plus 395 basis points on Wednesday.

The issuer said on Oct. 27 that it had hired Arctic Securities as the manager for a possible senior secured bond issue denominated in Norwegian krone with proceeds to be used to refinance the NAS05 bond due on Nov. 21.

Norwegian Air Shuttle is a Fornebu, Norway-based passenger airline.

Issuer:Norwegian Air Shuttle ASA
Issue:Secured bonds
Amount:NOK 250 million
Maturity:Three years
Manager:Arctic Securities
Coupon:Nibor plus 395 bps
Pricing date:Nov. 1
Settlement date:Nov. 21

© 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.