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Det Norske Oljeselskap ASA Announces Placement of NOK 1.9 Billion Bond Issue

Thursday, 20 Jun 2013 03:00am EDT 

Det Norske Oljeselskap ASA announced, with reference to the announcement from June 19, 2013 regarding a contemplated offering of a senior unsecured bond, that the bond offering has been successfully completed, with a placement of NOK 1,900 million. The bond has a term of seven years and will be repaid in full at maturity. The bond carries a coupon of three months NIBOR + 5.00%. Settlement date is expected to be July 2, 2013. An application will be made for the bond to be listed on the Oslo Stock Exchange. DNB Markets, Nordea Markets, Pareto Securities, SEB and Swedbank First Securities acted as joint lead managers of the bond issue. 

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