New York, March 15 – Entra ASA priced NOK 750 million of seven-year green bonds with a coupon of Nibor plus 86 basis points, according to a news release.
DNB, SEB and Swedbank were lead arrangers.
The company previously said that it intended to price at least NOK 750 million of green bonds.
Proceeds will be used to fund a pool of properties and projects with high environmental standards and a certification from Breeam with a minimum certification of “excellent.”
Entra’s green bond framework has a highest “dark green” rating from independent research organization Centre for International Climate and Environmental Research Oslo (Cicero).
Entra is a real estate company based in Oslo.
| Issuer: | Entra ASA
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| Issue: | Green bonds
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| Amount: | NOK 750 million
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| Maturity: | March 20, 2024
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| Coupon: | Nibor plus 86 bps
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| Lead arrangers: | DNB, SEB and Swedbank
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| Announcement date: | March 15
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| Settlement date: | March 20
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