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Entra ASA (Baa1/stable) refers to the announcement on 2 September 2021 where the
company announced a potential issuance of several new green bonds with tenors
between 5 - 10 years together with buybacks of certain outstanding bonds. On the
3 September Entra ASA successfully issued new green bonds with a total amount of
NOK 5,000 million which were split into one tap issue and three new tranches:
Tap Issue of ENTRA63 ESG:
ISIN: NO0011079808
Tap size: NOK 150 million
Outstanding amount after tap issue: 1,815 million
Borrowing limit: NOK 4,000 million
Coupon: 3mN + 0.55%
Reoffer: 3mN + 0.92%
Tap issue price: 96.788%
Maturity: 20 November 2030
5-year floating rate Green issue:
ISIN: NO0011094625
Volume 1. tranche: NOK 2,300 million
Borrowing limit: NOK 3,000 million
Coupon 3mN + 0.12%, quarterly
Reoffer: 3mN + 72 bps
Price: 97.048%
Maturity: 10 September 2026
5-year fixed rate Green issue:
ISIN: NO0011094633
Volume 1. tranche: NOK 1,150 million
Borrowing limit: NOK 3,000 million
Coupon 1.5% p.a.
Price: 97.166%
Yield: 2.103%
Maturity: 10 September 2026
New 8-year fixed rate Green issue:
ISIN: NO0011094641
Volume 1. tranche: NOK 1,400 million
Borrowing limit: NOK 4,000 million
Coupon 2.00% p.a.
Price: 97.375%
Yield: 2.364%
Maturity: 10 September 2029
In conjunction with the new green bond issuance, Entra ASA bought back totally
NOK 3,469 million in the following outstanding bonds:
NO0010981947:
Volume: NOK 100 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 300 million
Buyback price: 100.0149%
NO0011004210:
Volume: NOK 50 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 350 million
Buyback price: 99.998%
ENTRA27 with ISIN NO0010811649:
Volume: NOK 42 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 1,163 million
Buyback price: 100.404%
ENEID88 with ISIN NO0010740061:
Volume: NOK 18 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 1,182 million
Buyback price: 101.083%
ENEID60 with ISIN NO0010670995:
Volume: NOK 75 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 425 million
Buyback price: 105.183%
ENTRA12 ESG with ISIN NO0010774797:
Volume: NOK 516 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 684 million
Buyback price: 100.986%
ENTRA10 with ISIN NO0010766389:
Volume: NOK 630 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 470 million
Buyback price: 101.731%
ENTRA20 ESG with ISIN NO0010789464:
Volume: NOK 271 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 924 million
Buyback price: 100.898%
ENTRA44 ESG with ISIN NO0010852692:
Volume: NOK 850 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 600 million
Buyback price: 100.813%
ENTRA43 ESG with ISIN NO0010852684:
Volume: NOK 621 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 579 million
Buyback price: 103.275%
ENTRA52 ESG with ISIN NO0010886856:
Volume: NOK 296 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 594 million
Buyback price: 101.891%
DNB Markets, Nordea and SEB acted as joint lead arrangers of the transaction.
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 2016 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.
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
CONTACTS
- Anders Olstad, CFO, +47 900 22 559, ao@entra.no
ABOUT ENTRA ASA
Entra is a leading owner, manager and developer of office properties in Norway.
Entra owns and manages around 90 buildings totalling approximately 1.3 million
square meters, located in Oslo and the surrounding region, Bergen, Stavanger and
Trondheim. Entra has a solid customer portfolio with a high proportion of public
tenants. The company’s strategy is focused on delivering profitable growth, high
customer satisfaction and environmental leadership
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/16126567/827/1090/Download%20announcement%
20as%20PDF.pdf
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