Orkla ASA :New 7-years Norwegian bond issue (2015-2022) and buy-back in ORK 09 (ISIN NO 001 036491.2, 2007-2017)

Based on an offer from DNB Markets regarding a swap of bonds, Orkla ASA has today completed a bond issue in the Norwegian market. A total of NOK 1,500 million has been issued, of which NOK 508 million was sold in the market and NOK 992 has been kept on Orkla ASA's own account. The bonds are issued with 7 years tenor and floating interest rate equal to 3 months NIBOR + 0.69 %-points.

Simultaneously, Orkla has made a buy-back of NOK 507 mill. in ORK 09. The outstanding amount in the market is after this NOK 793 mill. After the buy-back Orkla ASA holds NOK 507 mill. on its own account.

An application will be made for the new bond to be listed on Oslo Stock Exchange.

Oslo, 23 February, 2015

Contact persons:
 Rune Helland, SVP IR Orkla
+47 977 13 250


 

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)