By Sarah Lizee
Olympia, Wash., May 14 – Entra ASA issued NOK 700 million of six-year floating-rate green bonds and NOK 900 million of seven-year fixed-rate green bonds, according to a notice.
Interest for the floating-rate bonds is equal to Nibor plus 83 basis points.
Interest for the fixed-rate bonds is 2.79%, payable annually, equal to Nibor plus 90 bps.
Proceeds will be used to fund the Fredrik Selmers vei 4 property in Oslo, with high environmental standards and a certification from Breeam with a minimum certification of “excellent.”
DNB, Nordea and SEB acted as joint lead managers for the bonds.
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
|
| Lead arrangers: | DNB, Nordea and SEB
|
| Announcement date: | May 14
|
|
|
| Floating-rate bonds
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| Amount: | NOK 700 million
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| Maturity: | May 22, 2025
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| Coupon: | Nibor plus 83 bps
|
|
|
| Fixed-rate bonds
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| Amount: | NOK 900 million
|
| Maturity: | May 22, 2026
|
| Coupon: | 2.79%, payable annually, equal to Nibor plus 90 bps
|
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