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Published on 4/21/2022 in the Prospect News High Yield Daily.

New Issue: Olav Thon sells NOK 300 million more 2028 bonds at Nibor plus 115 bps

By Marisa Wong

Los Angeles, April 21 – Olav Thon Eiendomsselskap ASA has sold a NOK 300 million tap of its senior bonds due March 3, 2028 with a coupon of Nibor plus 115 basis points, according to a listing notice on Monday.

The add-on will bring the outstanding amount of the notes to NOK 1.15 billion.

Settlement will occur on April 28.

DNB Markets was the manager for the issuance.

The commercial real estate company is based in Oslo.

Issuer:Olav Thon Eiendomsselskap ASA
Amount:NOK 300 million
Issue:Senior bonds, add-on
Maturity:March 3, 2028
Manager:DNB Markets
Coupon:Nibor plus 115 bps
Announcement date:April 21
Settlement date:April 28
Listing:Oslo
Total issue size:NOK 1.15 billion
ISIN:NO0010940489

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