Norwegian Property ASA has today successfully completed a tap issue of NOK 200 million in the senior secured bond NPRO14 with ISIN NO0010856818 and a tap issue of NOK 125 million in the senior secured bond NPRO19 with ISIN NO0010907231.

The tap in NPRO 14 was completed at an issue price of 104.16% and implied coupon of approximately 3m NIBOR + 80.5 bps. The tap in NPRO19 was completed at a coupon of 3m NIBOR + 75 bps and a corresponding price of 102.425%. 

Settlement of the tap issues are expected to take place on 27 August 2021. 

DNB Markets acted as financial adviser and sole bookrunner in connection with the tap issues. 

For further information, please contact:
Haavard Rønning, CFO, +47 400 20 019

Norwegian Property is a focused and fully integrated office property company with properties located mainly in the Oslo area in Norway. The portfolio is characterized by central location and attractive premises with high quality tenants. The group's properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.

www.npro.no

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