Successful placement of new unsecured bonds
The transaction has been completed with a total combined amount of NOK 2 billion, divided between a NOK 1 billion five year floating rate note with an interest of NIBOR plus 1.25 % p.a., and a NOK 1 billion ten year fixed rate bond with a coupon of 3.20 % p.a. The proceeds will be used for general corporate purposes and to refinancing part of the bridge loan facility that was established in connection with the purchase of 49,9 % of shares in the Finnish company Patria Oyj. In connection with the transaction, KONGSBERG has bought back NOK 240 million in the bond loan KOG06.
READ ALSO: KONGSBERG buys 49.9% of Patria creating a leading Nordic Defence partnership Danske Bank Markets and DNB Markets have acted as Joint Managers for the issuance. - This has been a successful issuance of bonds and we are pleased with the good response KONGSBERG has received in the market, says Hans-Jørgen Wibstad, CFO of KONGSBERG. For further information: Hans-Jørgen Wibstad, CFO, KONGSBERG, Tel: 916 89 661. Per Olaf Stampe, Group Treasurer, KONGSBERG, Tel: 920 60 017.