NHY Norsk Hydro

 
TIDMNHY 
 
 
 
   Reference is made to the announcement on October 18, 2017. Norsk Hydro 
ASA has successfully issued senior unsecured bond issues in total of NOK 
3.0 billion and SEK 3.0 billion. The transaction is split on five 
tranches: 
 
   - 2Y SEK 1 billion fixed rate note with a coupon of 0.125% p.a. (0.18% 
reoffer yield) 
 
   - 3Y SEK 1 billion floating rate note with a coupon of 3m Stibor + 0.75% 
p.a. (reoffer spread 3m Stibor + 0.52% p.a.) 
 
   - 5Y SEK 1 billion fixed rate note with a coupon of 1.00% p.a. (1.115% 
reoffer yield) 
 
   - 5Y NOK 2 billion floating rate note with a coupon of 3m Nibor + 0.75% 
p.a. (reoffer spread 3m Nibor + 0.75% p.a.) 
 
   - 7Y NOK 1 billion fixed rate note with a coupon of 2.5% p.a. (2.548% 
reoffer yield) 
 
 
 
   "We are very pleased with the process and to have completed such a 
successful placement of bonds. Interest from investors has been strong 
and we believe we have accomplished highly competitive terms", says CFO 
Eivind Kallevik. 
 
 
 
   As previously announced the purpose of the bond issues are general 
corporate purposes and refinancing of debt raised in connection with the 
acquisition of Sapa AS. 
 
 
 
   An application will be made for the bonds to be listed at Oslo 
Børs. 
 
 
 
   DNB Markets, Handelsbanken Capital Markets and Nordea have acted as 
Joint Lead Managers for the issuance. 
 
 
 
   Investor contact 
 
   Contact Stian Hasle 
 
   Cellular +47 97736022 
 
   E-mail Stian.Hasle@hydro.com 
 
 
 
   Corporate Finance 
 
   Contact Peik Norenberg 
 
   Cellular +47 91761556 
   E-mail Peik.Norenberg@hydro.com 
 
   This information is subject of the disclosure requirements pursuant to 
section 5-12 of the Norwegian Securities Trading Act. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Norsk Hydro via Globenewswire 
 
 
  http://www.hydro.com/en/?WT.mc_id=Pressrelease 
 

(END) Dow Jones Newswires

October 31, 2017 12:08 ET (16:08 GMT)

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