By Mary-Katherine Stinson
Lexington, Ky., Sept. 7 – Eidsiva Energi AS (Scope: BBB+) said it priced NOK 1 billion of green bonds in two tranches on Thursday.
The NOK 400 million of five-year senior green bonds priced with a coupon of 5.244%.
Additionally, NOK 600 million of 10-year senior green bonds came with a coupon of 5.168%.
The deal was “substantially oversubscribed,” according to a company notice on Thursday.
Handelsbanken and SEB were the joint bookrunners.
The proceeds were used to repurchase NOK 60 million of EIEN24G bonds (ISIN: NO0010806862).
The bonds will be listed on the Oslo Stock Exchange.
Eidsiva is a Hamar, Norway-based company that produces, distributes and sells electricity.
| Issuer: | Eidsiva Energi AS
|
| Amount: | NOK 1 billion
|
| Issue: | Green bonds
|
| Bookrunners: | Handelsbanken and SEB
|
| Announcement date: | Sept. 7
|
| Settlement date: | Sept. 15
|
|
|
| Five-year bonds
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| Amount: | NOK 400 million
|
| Tenor: | Five years
|
| Coupon: | 5.244%
|
|
|
| 10-year bonds
|
| Amount: | NOK 600 million
|
| Tenor: | 10 years
|
| Coupon: | 5.168%
|
|
|
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