By Rebecca Melvin
New York, July 9 – Ekornes QM Holding AS issued NOK 2 billion of floating-rate notes due 2023 to yield Nibor plus 7%, and an initial coupon of 8.52%, according to a regulatory notice.
The issue will be listed on the Oslo Stock Exchange on Wednesday.
DNB Market AS, SEB AB and Sparebank 1 Markets were managers of the deal.
The home and office furnishings company is based in Norway.
| Issuer: | Ekornes QM Holding AS
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| Issue: | Floating-rate notes
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| Amount: | NOK 2 billion
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| Maturity: | Oct. 2, 2023
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| Coupon: | Nibor plus 7% (8.52% initially)
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| Managers: | DNB Market AS, SEB AB, Sparebank 1 Markets
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| Listing date: | July 10
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