By Devika Patel
Knoxville, Tenn., Jan. 28 – Entra ASA priced another NOK 195 million of green bonds due 2024, bringing the total deal size to NOK 1,195,000,000.
The issue price for the add-on was 101.341, which amounts to an issue spread of Nibor plus 53 basis points, according to a company notice.
Proceeds have been earmarked to fund a pool of properties with high environmental standards and a certification from Breeam with a minimum certification of “excellent.”
The company priced NOK 750 million of the bonds with a coupon of Nibor plus 86 basis points on March 15, 2017 and sold another NOK 250 million of the bonds at 100.147 and a coupon of Nibor plus 84 basis points on May 9, 2017.
Handelsbanken Capital Markets was the arranger.
Entra is a real estate company based in Oslo.
Issuer: | Entra ASA
|
Issue: | Green bonds
|
Amount: | NOK 195 million add-on
|
Maturity: | March 20, 2024
|
Arranger: | Handelsbanken Capital Markets
|
Coupon: | Nibor plus 53 bps
|
Reopening price: | 101.341
|
Original settlement date: | March 20, 2017
|
Reopening date: | May 9, 2017, Jan. 28
|
Total issue: | NOK 1,195,000,000
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.