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Published on 10/6/2020 in the Prospect News Green Finance Daily and Prospect News High Yield Daily.

New Issue: Agder Energi sells NOK 600 million five-year floating-rate bonds

By Rebecca Melvin

New York, Oct. 6 – Agder Energi AS priced NOK 600 million of five-year senior green bonds on Tuesday, according to a company news release.

The deal was initially announced with a size of at least NOK 300 million.

The coupon rate is Nibor plus 68 basis points.

DNB Markets acted as arranger.

The hydroelectric power company is based in Kristiansand, Norway.

Issuer:Agder Energi AS
Issue:Floating-rate bonds
Amount:NOK 600 million
Maturity:Five years
Arranger:DNB Markets
Coupon:Nibor plus 68 bps
Pricing date:Oct. 6
Settlement date:Oct. 14

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