By Rebecca Melvin
Concord, N.H., Nov. 23 – OBOS Boligkreditt AS priced NOK 2.75 billion five-year green covered bonds at par, according to a according to a news release on Wednesday.
The inaugural green covered bonds will pay a rate of three-month Nibor plus 20 basis points.
The managers of the bond offering are Danske Bank, DNB and SpareBank 1 Markets. OBOS obtained a second-party opinion from Cicero Shades of Green.
The mortgage services company is based in Oslo.
| Issuer: | OBOS Boligkreditt AS
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| Amount: | NOK 2.75 billion
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| Issue: | Green covered bond
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| Maturity: | Sept. 2, 2026
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| Bookrunners: | Danske Bank, DNB and SpareBank 1 Markets
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| Coupon: | Nibor plus 20 bps
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| Price: | Par
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| Yield: | Nibor plus 20 bps
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| Second opinion: | Cicero Shades of Green
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| Settlement date: | Dec. 2
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