Schibsted ASA has successfully completed issuance of NOK 400 million in the Norwegian bond market. The issuance is split between a 10 year loan of NOK 150 million priced at 3 months NIBOR plus 250 basis points and a 10 year loan of NOK 250 million priced at 5,40%, both with maturity in December 2022. Schibsted has swapped the loan with a fixed rate to floating interest.
The purpose of the bond issuance is to increase the number of sources of financing and diversify the Group`s loan structure.
An application will be made for the bonds to be listed on the Oslo Stock Exchange.
Nordea Markets has acted as Lead Manager for the issuance.
For further information, please contact:
Trond Berger, CFO
Mobil: + 47 91 68 66 95
Tel: +47 22 48 77 27
Oslo, 10 December 2012
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Schibsted via Thomson Reuters ONE