By Wendy Van Sickle
Columbus, Ohio, March 28 – Tomra Systems ASA (Scope: A-) sold NOK 1 billion of senior green bonds in two tranches, according to a company announcement.
The company called the transaction “substantially oversubscribed.”
The notes include NOK 750 million of five-year notes with a coupon equal to Nibor plus 90 basis points and NOK 250 million of seven-year notes with a coupon equal to Nibor plus 105 bps.
DNB Markets and Nordea Markets were the arrangers.
Asker, Norway-based Tomra provides sensor-based solutions through the following segments: collection solutions, recycling mining, food solutions and group functions.
| Issuer: | Tomra Systems ASA
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| Issue: | Senior green bonds
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| Amount: | NOK 1 billion
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| Bookrunners: | DNB Markets and Nordea Markets
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| Announcement date: | March 19
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| Issuer ratings: | Scope: A-
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| Five-year green notes
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| Amount: | NOK 750 million
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| Maturity: | Five years
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| Coupon: | Nibor plus 90 bps
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| Seven-year green notes
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| Amount: | NOK 250 million
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| Maturity: | Seven years
|
| Coupon: | Nibor plus 105 bps
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