Release details

2019-05-14 15:20 CEST
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Entra ASA : New Green Bond Issues

Entra has issued two new green bonds with the following terms: 

  1. A new 6 year floating rate bond (FRN) with term from May 22, 2019 to May 22, 2025. The coupon is 3mn NIBOR + 0.83 % p.a. The first tranche amounts to NOK 700 million with ISIN NO0010852692.
  2. A new 7 year fixed rate bond (FXD) with term from May 22, 2019 to May 22, 2026. The coupon is 2.79 % p.a. (equivalent to 3mn NIBOR + 0.90 % p.a.). The first tranche amounts to NOK 900 million with ISIN NO0010852684.

The Proceeds from the bond issues is earmarked funding for the property Fredrik Selmers vei 4 in Oslo with high environmental standards and a certification from BREEAM-In-Use Excellent.

The current green bond framework for Entra was established in September 2017 by the Centre for International Climate and Environmental Research Oslo (Cicero), an independent research centre linked to the University of Oslo in Norway, and was updated in April 2018 to also include BREEAM-In-Use. Cicero has given Entra's green bond framework its highest rating - Dark Shade of Green. This rating is according to Cicero given only to projects and solutions that already today realise the long term vision of a low-carbon and climate-resilient future. Typically, this will entail zero-emission solutions and governance structures that integrate environment concerns into all activities.

DNB, Nordea and SEB acted as Joint Lead Managers for the transaction.

For further queries please contact: Anders Olstad, CFO, tel: +47 900 22 559, email: ao@entra.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

HUG#2244385