Nordea Bank Norge makes Dec. 19 payments for 10 bonds one day late

By Wendy Van Sickle

Columbus, Ohio, Jan. 26 – Nordea Bank Norge ASA said it encountered technical difficulties that caused a one-day delay of payments due on Dec. 19 for 10 bonds for which it is the paying agent, and, as a result, holders of those bonds are entitled to default interest, according to a notice from Nordic Trustee ASA.

Default interest payments will be made on the next interest payment date for the following bonds:

• Hafslund ASA’s bond issue 2014/2019;

• Gjensidige Bank ASA’s bond issue 2014/2024;

• Ship Finance International Ltd.’s senior unsecured bond issue 2014/2019;

• Hegra Sparebank’s bond issue 2013/2023;

• Color Group AS’ senior unsecured bond issue 2012/2019;

• Atea ASA’s senior unsecured bond issue 2013/2018;

• Color Group AS’ senior unsecured guaranteed open bond issue 2013/2017;

• Real People Investment Holdings Ltd.’s senior unsecured floating-rate notes 2013/2018;

• NorgesGruppen ASA bond issue 2012/2017; and

• Color Group AS’ senior unsecured guaranteed open bond issue 2016/2020.

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