By Devika Patel
Knoxville, Tenn., April 9 – Sogn og Fjordane Energi AS arranged a NOK 400 million sale of two senior unsecured green bonds, according to a press release.
The company will sell a NOK 200 million five-year floating-rate bond and a NOK 200 million eight-year 2.85% bond.
The floaters accrued interest at Nibor plus 73 basis points.
Danske Bank is the manager.
Settlement of the five-year bonds is expected April 24, with the eight-year bonds scheduled to settle on April 26.
The power company is based in Sogn og Fjordane, Norway.
| Issuer: | Sogn og Fjordane Energi AS
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| Securities: | Senior unsecured green bonds
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| Amount: | NOK 400 million
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| Announcement date: | April 9
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| Five-year floaters
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| Amount: | NOK 200 million
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| Maturity: | Five years
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| Coupon: | Nibor plus 73 bps
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| Settlement date: | April 24
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| Eight-year bonds
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| Amount: | NOK 200 million
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| Maturity: | Eight years
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| Coupon: | 2.85%
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| Settlement date: | April 26
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