NPRO: Norwegian Property ASA - Successful issuance of new bonds
2026-06-15 15:53:47
Norwegian Property ASA (rated BBB- by Scope Ratings) has today issued NOK 700
million in new senior secured bonds. The transaction was split into two
tranches:
· A NOK 400 million, 3-year senior secured bond issue with a floating rate
coupon of 3 months Nibor + 0.83% p.a. (ISIN NO0013756510).
· A NOK 300 million, 5-year senior secured bond issue with a floating rate
coupon of 3 months Nibor + 1.12% p.a. (ISIN NO0013756528).
The net proceeds from the bond issue will be used to refinance existing debt and
for general corporate purposes. Settlement is expected to take place on 25 June
2026. An application will be made for the Bonds to be listed on Oslo Børs.
SEB acted as Sole Bookrunner in the transaction.
For further information, please contact:
Haavard Rønning, Acting CEO and CFO, Mobile +47 400 20 019
Norwegian Property is a focused and fully integrated office property company
with properties located mainly in the Oslo area in Norway. The portfolio is
characterized by central location and attractive premises with high quality
tenants. The group's properties consist largely of office premises, associated
warehousing and car parking, as well as retail and catering space. The company
has identified four value drivers for long-term value creation; Marketing &
letting, Property management, Property development and Transactions & finance.
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d Transactions & finance.\
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