By Devika Patel
Knoxville, Tenn., Jan. 28 – Entra ASA priced another NOK 195 million of green bonds due 2024, bringing the total deal size to NOK 1,195,000,000.
The issue price for the add-on was 101.341, which amounts to an issue spread of Nibor plus 53 basis points, according to a company notice.
Proceeds have been earmarked to fund a pool of properties with high environmental standards and a certification from Breeam with a minimum certification of “excellent.”
The company priced NOK 750 million of the bonds with a coupon of Nibor plus 86 basis points on March 15, 2017 and sold another NOK 250 million of the bonds at 100.147 and a coupon of Nibor plus 84 basis points on May 9, 2017.
Handelsbanken Capital Markets was the arranger.
Entra is a real estate company based in Oslo.
| Issuer: | Entra ASA
|
| Issue: | Green bonds
|
| Amount: | NOK 195 million add-on
|
| Maturity: | March 20, 2024
|
| Arranger: | Handelsbanken Capital Markets
|
| Coupon: | Nibor plus 53 bps
|
| Reopening price: | 101.341
|
| Original settlement date: | March 20, 2017
|
| Reopening date: | May 9, 2017, Jan. 28
|
| Total issue: | NOK 1,195,000,000
|
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