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Published on 11/14/2019 in the Prospect News High Yield Daily.

New Issue: Aker places NOK 1.5 billion bonds due 2024 at Nibor plus 190 bps

By Sarah Lizee

Olympia, Wash., Nov. 14 – Aker ASA placed NOK 1.5 billion of senior bonds due November 2024.

The bonds carry a coupon of Nibor plus 190 basis points, according to a notice.

Settlement is expected for Nov. 22.

The bonds will be listed on the Oslo Stock Exchange.

Proceeds will be used for general corporate purposes.

DNB Markets, Nordea, Pareto and SEB acted as joint lead managers.

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

Issuer:Aker ASA
Issue:Senior bonds
Amount:NOK 1.5 billion
Maturity:November 2024
Bookrunners:DNB Markets, Nordea, Pareto and SEB
Coupon:Nibor plus 190 bps
Announcement date:Nov. 14
Settlement date:Nov. 22

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