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NPRO: Norwegian Property ASA – Successful issuance of new bonds
6/15/2026Norwegian Property ASA (rated BBB‑ by Scope Ratings) has today issued NOK 700 million in new senior secured bonds. The transaction was split into two tranches:
- A NOK 400 million, 3-year senior secured bond issue with a floating rate coupon of 3 months Nibor + 0.83% p.a. (ISIN NO0013756510).
- A NOK 300 million, 5-year senior secured bond issue with a floating rate coupon of 3 months Nibor + 1.12% p.a. (ISIN NO0013756528).
The net proceeds from the bond issue will be used to refinance existing debt and for general corporate purposes. Settlement is expected to take place on 25 June 2026. An application will be made for the Bonds to be listed on Oslo Børs.
SEB acted as Sole Bookrunner in the transaction.
For further information, please contact:
Haavard Rønning, Acting CEO and CFO, Mobile +47 400 20 019