By Devika Patel
Knoxville, Tenn., May 27 – Orkla ASA issued NOK 1.5 billion of senior green bonds in two tranches, according to a press release.
The notes include NOK 1 billion of seven-year notes, which have a coupon equal to Nibor plus 62 basis points, and NOK 500 million of 2.4425% 10-year notes.
DNB Markets, Handelsbanken Capital Markets and SEB were joint lead managers.
Proceeds will be used to finance and refinance green projects.
Based in Oslo, Orkla operates in the branded consumer goods, aluminum solutions, materials, renewable energy and financial investment sectors.
| Issuer: | Orkla ASA
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| Issue: | Senior green bonds
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| Amount: | NOK 1.5 billion
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| Managers: | DNB Markets, Handelsbanken Capital Markets and SEB
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| Settlement date: | May 27
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| Seven-year notes
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| Amount: | NOK 1 billion
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| Maturity: | Seven years
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| Coupon: | Nibor plus 62 bps
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| 10-year notes
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| Amount: | NOK 500 million
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| Maturity: | 10 years
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| Coupon: | 2.4425%
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