Orkla ASA has today completed a dual tranche bond issue in the Norwegian market. A total of NOK 2,000 million has been issued, of which NOK 1,000 million was issued in a 6.5-year bond, while NOK 1,000 million was issued in a 10-year bond. The bonds are priced at interest rates equal to 3 months NIBOR + 0.85 % and 2.35 % for the 6.5 and 10-years bond, respectively.
Orkla holds NOK 600 million on its own account in the 6.5-year bond and NOK 800 million in the 10-year bond. The outstanding amount in the market is NOK 400 million and NOK 200 million respectively.
The funds will be used for general corporate purposes.
Danske Bank and Nordea acted as Arrangers for the transaction.
An application will be made for the new bonds to be listed on Oslo Stock Exchange.
Oslo, 9 September 2016
SVP Group Treasury
Tlf.: +47 99542789
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)