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Published on 6/22/2015 in the Prospect News Green Finance Daily.

New Issue: Statkraft issues NOK 1.15 billion floating-rate, fixed-rate bonds

By Lisa Kerner

Charlotte, N.C., June 22 – Statkraft AS announced it issued bonds totaling NOK 1.15 billion under its euro medium-term note program.

The bonds were issued as:

• NOK 700 million of five-year bonds with a floating-rate coupon equal to three-month Nibor plus 60 basis points; and

• NOK 450 million of 10-year bonds with a fixed coupon of 3.12%.

An application will be made for the bonds to be listed on the Oslo Stock Exchange.

DNB Markets, Nordea Markets and SEB acted as joint lead arrangers.

Oslo-based Statkraft is a hydropower, wind power and gas-fired power company.

Issuer:Statkraft AS
Issue:Bonds
Amount:NOK 1.15 billion
Arrangers:DNB Markets, Nordea Markets, SEB
Amount:NOK 700 million
Coupon:Three-month Nibor plus 60 bps
Maturity:Five years
Amount:NOK 500 million
Coupon:3.12%
Maturity:10 years

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