Successful placement of new unsecured bonds
Reference is made to the notification dated 19th of May 2016. KONGSBERG has issued two unsecured bonds in the Norwegian bond market.
The transaction has been completed with a total combined amount of NOK 2 billion, divided between a NOK 1 billion five year floating rate note with an interest of NIBOR plus 1.25 % p.a., and a NOK 1 billion ten year fixed rate bond with a coupon of 3.20 % p.a. The proceeds will be used for general corporate purposes and to refinancing part of the bridge loan facility that was established in connection with the purchase of 49,9 % of shares in the Finnish company Patria Oyj. In connection with the transaction, KONGSBERG has bought back NOK 240 million in the bond loan KOG06.
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Danske Bank Markets and DNB Markets have acted as Joint Managers for the issuance.
- This has been a successful issuance of bonds and we are pleased with the good response KONGSBERG has received in the market, says Hans-Jørgen Wibstad, CFO of KONGSBERG.
For further information:
Hans-Jørgen Wibstad, CFO, KONGSBERG, Tel: 916 89 661.
Per Olaf Stampe, Group Treasurer, KONGSBERG, Tel: 920