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Published on 12/2/2020 in the Prospect News Green Finance Daily.

New Issue: Lyse prices NOK 1.25 billion 1.73% green bonds due 2028, floaters due 2027

By Devika Patel

Knoxville, Tenn., Dec. 2 – Lyse AS priced NOK 1.25 billion of fixed- and floating-rate green bonds in two tranches on Monday, according to a press release.

Lyse sold seven-year floating-rate notes to yield Nibor plus 69 basis points.

The company sold 1.73% eight-year fixed-rate notes.

Nordea was the bookrunner and green bond adviser.

Lyse is an energy, infrastructure and telecommunications company based in Sandnes, Norway.

Issuer:Lyse AS
Amount:NOK 1.25 billion
Description:Fixed- and floating-rate green bonds
Bookrunner:Nordea
Settlement date:Dec. 2
Floaters
Amount:NOK 750 million
Maturity:Seven years
Coupon:Nibor plus 69 bps
Fixed-rate notes
Amount:NOK 500 million
Maturity:Eight years
Coupon:1.73%

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