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Published on 9/20/2022 in the Prospect News Green Finance Daily and Prospect News High Yield Daily.

New Issue: Aker issues NOK 2 billion of five-year green bonds in two parts

By Devika Patel

Knoxville, Tenn., Sept. 20 – Aker ASA sold NOK 2 billion of five-year green bonds in two tranches, according to a press release.

There were NOK 1.3 billion of floaters with a floating rate of Nibor plus 275 basis points.

Aker also issued NOK 700 million of fixed-rate bonds with a coupon of mid swaps plus 265 bps.

DNB Markets, Nordea, SEB and Danske Bank were the bookrunners.

Aker is an Oslo-based holding company engaged in offshore fishing, construction and engineering.

Issuer:Aker ASA
Amount:NOK 2 billion
Description:Green bonds
Maturity:Five years
Bookrunners:DNB Markets, Nordea, SEB and Danske Bank
Announcement date:Sept. 20
Floaters
Amount:NOK 1.3 billion
Description:Green floating-rate notes
Maturity:Five years
Coupon:Nibor plus 275 bps
Fixed-rate notes
Amount:NOK 700 million
Description:Green notes
Maturity:Five years
Coupon:Mid swaps plus 265 bps

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