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Published on 3/7/2019 in the Prospect News High Yield Daily.

New Issue: Hexagon Composites prices NOK 1.1 billion Nibor plus 375 bps four-year floaters

By Paul A. Harris

Portland, Ore., March 7 – Hexagon Composites ASA announced in a Thursday press release that it priced NOK 1.1 billion of three-month Nibor plus 375 basis points four-year senior floating-rate bonds.

DNB Markets was the bookrunner.

The Norway-based company provides storage, transportation and conversion to clean energy in mobility, industrial and consumer applications.

Issuer:Hexagon Composites ASA
Amount:NOK 1.1 billion
Maturity:March 2023
Securities:Senior bonds
Bookrunner:DNB Markets
Coupon:Three-month Nibor plus 375 bps
Announcement date:March 7
Settlement date:March 15
Listing:Oslo Stock Exchange (pending)

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