Chicago, March 20 – Vegfinans Viken AS sold an inaugural green bond as a NOK 400 million floating-rate note with a four-year tenor, according to notices.
Interest will be at Nibor plus 52 basis points.
The tenor came within range of when the deal was announced as a four- or five-year transaction.
Proceeds will be used to finance projects made in the Nedre Glomma City Environment Plan, which is a joint city environment plan for Fredrikstad and Sarpsborg.
Handelsbanken Capital Markets acted as sole lead manager and sole green structuring adviser.
The issuer is a freight and logistics service company based in Buskerud, Norway.
| Issuer: | Vegfinans Viken AS
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| Amount: | NOK 400 million
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| Issue: | Green bonds
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| Tenor: | Four years
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| Bookrunner: | Handelsbanken Capital Markets
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| Green adviser: | Handelsbanken Capital Markets
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| Second opinion: | S&P Global Ratings
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| Coupon: | Nibor plus 52 bps
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| Trade date: | March 20
|
| Settlement date: | March 27
|
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