25.6.2020 17:10:24 CEST | Entra ASA | Additional regulated information required to be disclosed under the laws of a member state

Entra has issued a new 7 year Green Bond with the following terms: Floating rate note (ISIN NO0010886856) with term from June 29, 2020 to June 29, 2027. The coupon is 3m NIBOR +1.10% p.a and the first tranche amounts to NOK 1.5 billion.

The Proceeds from the bond issue is earmarked funding of a pool of properties/projects with high environmental standards and a certification from BREEAM with a minimum certification of "excellent".

The current green bond framework for Entra was established in September 2017 by the Centre for International Climate and Environmental Research Oslo (Cicero), an independent research centre linked to the University of Oslo in Norway, and was updated in April 2018 to also include BREEAM-In-Use. Cicero has given Entra's green bond framework its highest rating - Dark Shade of Green. This rating is according to Cicero given only to projects and solutions that already today realise the long term vision of a low-carbon and climate-resilient future. Typically, this will entail zero-emission solutions and governance structures that integrate environment concerns into all activities.

DNB Markets, SEB and Swedbank acted as Joint Lead Managers for the transaction.

Disclaimer

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contacts

  • Anders Olstad, CFO, +47 90022559, ao@entra.no

Attachments

  • Download announcement as PDF.pdf

© NTB Norway, source NTB English Regulatory Releases