Chicago, Sept. 7 – Entra ASA sold NOK 5 billion of green bonds in four parts: one tap issue and three new bonds, according to a notice on Monday.
The company sold NOK 150 million of floating-rate notes at 96.788. The reoffer yield was Nibor plus 92 basis points. The coupon for the 2030 notes is Nibor plus 55 bps. After the notes are issued, there will be a total of NOK 1.815 billion of the notes outstanding.
For the first series of new notes, the company sold NOK 2.3 billion of five-year floating-rate notes at 97.048 for a reoffer yield of Nibor plus 72 bps. The notes come with a floating coupon of Nibor plus 12 bps, with interest payable quarterly.
The second series of NOK 1.15 billion five-year fixed-rate notes was sold at 97.166 to yield 2.103%. The coupon for the series is 1.5%.
A NOK 1.4 billion eight-year tranche was sold at 97.375 to yield 2.364%. The coupon on the notes is 2%.
In connection with the new issuances, the company bought back certain outstanding bonds through an exchange.
DNB Markets, Nordea and SEB acted as joint lead arrangers of the transaction.
Proceeds will be used to fund a pool of properties/projects with high environmental standards and a certification from Breeam with a minimum certification of “excellent.”
The owner, manager and developer of office properties is based in Oslo.
| Issuer: | Entra ASA
|
| Issue: | Green bonds
|
| Amount: | NOK 5 billion
|
| Bookrunners: | DNB Markets, Nordea and SEB
|
| Framework: | Cicero
|
| Trade date: | Sept. 6
|
|
|
| Tap issue
|
| Amount: | NOK 150 million, add-on
|
| Issue: | Green floating-rate notes
|
| Maturity: | Nov. 20, 2030
|
| Coupon: | Nibor plus 55 bps
|
| Price: | 96.788
|
| Yield: | Nibor plus 92 bps
|
| Total amount: | NOK 1.815 billion
|
| ISIN: | NO0011079808
|
|
|
| Five-year floaters
|
| Amount: | NOK 2.3 billion
|
| Issue: | Green floating-rate notes
|
| Maturity: | Sept. 10, 2026
|
| Coupon: | Nibor plus 12 bps, payable quarterly
|
| Price: | 97.048
|
| Yield: | Nibor plus 72 bps
|
| ISIN: | NO0011094625
|
|
|
| Five-year fixed notes
|
| Amount: | NOK 1.15 billion
|
| Issue: | Green fixed-rate notes
|
| Maturity: | Sept. 10, 2026
|
| Coupon: | 1.5%
|
| Price: | 97.166
|
| Yield: | 2.103%
|
| ISIN: | NO0011094633
|
|
|
| Eight-year fixed notes
|
| Amount: | NOK 1.4 billion
|
| Issue: | Green fixed-rate notes
|
| Maturity: | Sept. 10, 2029
|
| Coupon: | 2%
|
| Price: | 97.375
|
| Yield: | 2.364%
|
| ISIN: | NO0011094641
|
|
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