Bane NOR with successful bond market entry

Bane NOR is pleased to announce a successful bond issue through the 100% owned subsidiary Bane NOR Eiendom AS. In total NOK 1,8 bn in 3Y, 5Y and 7Y senior unsecured bonds were issued at attractive terms.

The interest from investors have been strong and the order books was substantially oversubscribed. We believe this provides a good foundation for funding in the bond market in the future.

Danske Bank Markets and Nordea Markets acted as joint lead managers of the bond issue.

Tranches:

  • Issuer: Bane NOR Eiendom AS
  • Senior Unsecured
  • Unrated
  • NOK750m 3Y FRN
    • Reoffer price 100
    • Coupon: 3mN +53, quarterly, act/360
    • Maturity: June 28, 2021
    • Settlement: June 28, 2018
    • ISIN: NO0010826621
  • NOK750m 5Y FRN
    • Reoffer price 100
    • Coupon: 3mN +73, quarterly, act/360
    • Maturity: June 28, 2023
    • Settlement: June 28, 2018
    • ISIN: NO0010826639
  • NOK300m 7Y Fixed
    • Maturity: June 27, 2025
    • Settlement: June 27, 2018
    • Reoffer: 100.00 / Swaps +80
    • Coupon: 2.790%, annual, act/365
    • ISIN: NO0010826647
  • CoC: 101
  • Listing: Nordic ABM
  • Law: Norwegian
  • Denoms: 1m/1m
  • Managers: Danske Bank, Nordea Bank AB
  • Target market: Eligible counterparties and professional clients only