UPDATE - Statkraft lifts bond issue by NOK 100m

Norwegian state-owned utility Statkraft AS said Tuesday it is issuing NOK 800 million (USD 102.5m/EUR 91.4m) in 5-year bonds, which is by NOK 100 million more than announced at the start of the week.

The bonds have a floating rate coupon equal to 3 months NIBOR plus 0.60% per year. The issuance was announced on Monday along with another NOK-450-million tranche of 10-year bonds with a fixed annual coupon of 3.12%

The bonds are being issued under Statkraft's EMTN programme and will be listed on Oslo Stock Exchange.

Statkraft’s consolidated power capacity amounts to 16.4 GW, including 13.3 GW of hydropower, 488 MW of wind and other sources.

(NOK 10 = USD 1.281/EUR 1.142)

Choose your newsletter by Renewables Now. Join for free!