UPDATE - Norway's Entra issues NOK-1.6bn green bond

Image by: jola miziniak.

May 15 (Renewables Now) - Norwegian real estate developer Entra ASA on Tuesday announced launching two green bonds sales, targeting a total of NOK 1.6 billion (USD 182.9m/EUR 163.3m).

Under the first transaction, the Oslo-based company is selling NOK 700 million worth of six-year floating rate bonds maturing on May 22, 2025. The securities have a coupon of 3mn NIBOR + 0.83 % per year. Additionally, Entra has initiated a NOK-900-million sale of seven-year fixed-rate bond with a coupon of 2.79% per year, equivalent to 3mn NIBOR + 0.90% per year. The term of the bond is May 22, 2026.

The raised funds will go for a project with high environmental standards in Oslo.

DNB (FRA:NBA), Nordea and SEB (EPA:SK) are acting as joint lead managers for the deals.

(NOK 1.0 = USD 0.114/EUR 0.102)

More stories to explore
Share this story
About the author
Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription