By Susanna Moon
Chicago, May 9 – Entra ASA priced another NOK 250 million of green bonds due 2024, bringing the total deal size to NOK 1 billion.
The issue price for the add-on was 100.147%, which amounts to an issue spread of Nibor plus 84 basis points, according to a company notice.
Proceeds have been earmarked to fund a pool of properties and projects with high environmental standards and a certification from Breeam with a minimum certification of “excellent.”
As announced March 15, the company priced NOK 750 million of seven-year green bonds with a coupon of Nibor plus 86 basis points.
DNB, SEB and Swedbank were lead arrangers.
Entra’s green bond framework has a highest “dark green” rating from independent research organization Centre for International Climate and Environmental Research Oslo (Cicero).
Entra is a real estate company based in Oslo.
| Issuer: | Entra ASA
|
| Issue: | Green bonds
|
| Amount: | NOK 250 million add-on
|
| Maturity: | March 20, 2024
|
| Lead arrangers: | DNB, SEB and Swedbank
|
| Coupon: | Nibor plus 86 bps
|
| Reopening price: | 100.147%
|
| Yield: | Nibor plus 84 bps
|
| Original settlement date: | March 20
|
| Reopening date: | May 9
|
| Total issue: | NOK 1 billion
|
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