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Published on 1/4/2023 in the Prospect News High Yield Daily.

New Issue: Olav Thon sells NOK 300 million more 2028 bonds at Nibor plus 195 bps

By Mary-Katherine Stinson

Lexington, Ky., Jan. 4 – 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 195 basis points, according to a listing notice on Wednesday.

The add-on will bring the outstanding amount of the notes to NOK 1.65 billion.

Settlement will occur on Jan. 9.

SEB 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:SEB
Coupon:Nibor plus 195 bps
Announcement date:Jan. 4
Settlement date:Jan. 9
Listing:Oslo
Total issue size:NOK 1.65 billion
ISIN:NO0010940489

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