Capital/Financing Update • Jun 25, 2020
Capital/Financing Update
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New 7-year Green Bond issue
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, [email protected]
ATTACHMENTS
* Download announcement as PDF.pdf
[https://kommunikasjon.ntb.no/ir-files/16126567/72/97/Download%20announcement
%20as%20PDF.pdf]
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