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Published on 11/29/2023 in the Prospect News High Yield Daily.

New Issue: Aider Konsern places NOK 125 billion tap issue of secured bonds due 2026

By Mary-Katherine Stinson

Lexington, Ky., Nov. 29 – Aider Konsern AS issued a NOK 125 million tap issue under its secured bonds due May 20, 2026, lifting the total issue size to NOK 875 million, according to a notice.

The bonds, which priced at 102, bear interest at Nibor plus 600 basis points.

The tap issue was initiated by reverse inquiry.

DNB Markets acted as the sole bookrunner for the transaction.

Net proceeds will be used for acquisitions.

An application will be made for the bonds to be listed on Oslo Bors.

The Oslo-based company is a holding company for companies that provide accounting, advisory services and related IT services.

Issuer:Aider Konsern AS
Amount:NOK 125 million
Issue:Secured bonds
Maturity:May 20, 2026
Bookrunner:DNB Markets
Coupon:Nibor plus 600 bps
Price:102
Announcement date:Nov. 29
ISIN:NO0012520495
Total issue size:NOK 875 million

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