By Marisa Wong
Los Angeles, Aug. 29 – Agder Energi AS priced an upsized NOK 400 million of seven-year bonds on Thursday, according to a news release.
The coupon rate is Nibor plus 75 basis points.
Agder said the bond issue was well received by investors and, as a result, was increased from the originally announced NOK 300 million.
The borrowing limit is set to NOK 1 billion, according to the release.
DNB Markets acted as arranger.
The hydroelectric power company is based in Kristiansand, Norway.
| Issuer: | Agder Energi AS
|
| Issue: | Floating-rate bonds
|
| Amount: | NOK 400 million
|
| Maturity: | Seven years
|
| Arranger: | DNB Markets
|
| Coupon: | Nibor plus 75 bps
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 12
|
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