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Entra ASA : New Green Bond issue Entra has issu

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Posted On: 03/15/2017 11:00:22 AM
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Posted By: News Desk 2018
Entra ASA : New Green Bond issue

Entra has issued a new 7 year Green Bond with the following terms: Floating rate bond term from 20.03.2017 to 20.03.2024. Coupon of 3mnd. NIBOR + 0.86 % p.a. The first tranche amounts to NOK 750 million with ISIN NO0010789464.

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 framework for Entra's green bonds 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. Cicero has given Entra's green bond framework its highest shading of green - Dark Green. Such shading according to Cicero is given to projects and solutions that realise the long term vision of a low-carbon and climate-resilient future already today. Typically, this will entail zero-emission solutions and governance structures that integrate environment concerns into all activities. Example projects include renewable energy projects such as solar or wind.

DNB, SEB and Swedbank acted as lead arrangers of the transaction.

For further queries please contact: Anders Olstad, CFO, tel: +47 900 22 559, email: ao@entra.no                 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



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