Norsk Hydro ASA — Capital/Financing Update 2017

Oct 31, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

Reference is made to the announcement on October 18, 2017. Norsk Hydro ASA has successfully issued senior unsecured bond issues in total of NOK 3.0 billion and SEK 3.0 billion. The transaction is split on five tranches:

- 2Y SEK 1 billion fixed rate note with a coupon of 0.125% p.a. (0.18% reoffer yield)

- 3Y SEK 1 billion floating rate note with a coupon of 3m Stibor + 0.75% p.a. (reoffer spread 3m Stibor + 0.52% p.a.)

- 5Y SEK 1 billion fixed rate note with a coupon of 1.00% p.a. (1.115% reoffer yield)

- 5Y NOK 2 billion floating rate note with a coupon of 3m Nibor + 0.75% p.a. (reoffer spread 3m Nibor + 0.75% p.a.)

- 7Y NOK 1 billion fixed rate note with a coupon of 2.5% p.a. (2.548% reoffer yield)

"We are very pleased with the process and to have completed such a successful placement of bonds. Interest from investors has been strong and we believe we have accomplished highly competitive terms", says CFO Eivind Kallevik.

As previously announced the purpose of the bond issues are general corporate purposes and refinancing of debt raised in connection with the acquisition of Sapa AS.

An application will be made for the bonds to be listed at Oslo Børs.

DNB Markets, Handelsbanken Capital Markets and Nordea have acted as Joint Lead Managers for the issuance.

Investor contact

Contact Stian Hasle

Cellular +47 97736022

E-mail Stian.Hasle@hydro.com

Corporate Finance

Contact Peik Norenberg

Cellular +47 91761556

E-mail Peik.Norenberg@hydro.com

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

---

*This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Norsk Hydro via Globenewswire*