Moscow. Jun 23, 2009. /Lesprom Network/. Norske Skog has now completed a placement of a new 5 year fixed rate bond loan and a new 5 year floating rate bond loan, both maturing 30 June 2014, as the company informed Lesprom Network. The amounts of the two issues are NOK 580 million and NOK 170 million, respectively. Interest coupon on the fixed rate loan is 15.5 per cent, and margin on the floating rate loan is 1,150 basis points over NIBOR. Both loans will be listed on Oslo Stock Exchange. Norske Skog has, in connection with the transaction, bought back an amount of NOK 237 million (par value) in NSG 16 (ISIN NO 001035542.3), a bond loan which matures in March 2012. The buy-back was done at a price of 83 per cent of par value. Nordea Markets and Pareto Securities have been the managers of the transaction. |
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