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Published on 1/23/2024 in the Prospect News Green Finance Daily.

New Issue: Norway’s A Energi sells NOK 1.35 billion of bonds, including two green floaters, add-on

Chicago, Jan. 23 – A Energi AS (Scope: A-) issued NOK 1.35 billion of green bonds split over three tranches, according to a notice.

The deal includes two floating-rate notes and a tap of existing notes.

The company priced NOK 750 million of three-year senior green bonds with a coupon of Nibor plus 75 basis points.

The second green floater priced as NOK 400 million of senior bonds with a Nibor plus 90 bps coupon.

The tap issue is a NOK 200 million add-on to the bonds due Sept. 19, 2030.

The listing will be in Oslo.

Kristiansand, Norway-based A Energi, formed through the merger of Glitre Energy and Agder Energi, is a renewable energy group.

Issuer:A Energi AS
Amount:NOK 1.35 billion
Issue:Bonds
Trade date:Jan. 23
Settlement date:Feb. 5
Three-year green bonds
Amount:NOK 750 million
Issue:Senior green floating-rate bonds
Tenor:Three years
Coupon:Nibor plus 75 bps
Five-year green bonds
Amount:NOK 400 million
Issue:Senior green floating-rate bonds
Tenor:Five years
Coupon:Nibor plus 90 bps
Add-on bonds
Amount:NOK 200 million
Issue:Bonds
Maturity:Sept. 19, 2030
ISIN:NO0013013920

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