19.8.2021 09:39:24 CEST | Entra ASA | Additional regulated information required
to be disclosed under the laws of a member state
Entra ASA (Baa1/stable) refers to the announcement on 17 August 2021 where the
company announced a voluntary buy-back of all outstanding bonds in ENTRA52 ESG,
provided that bondholders subscribed in a new long dated green bond with the
ratio 1:1.5x of their holdings in ENTRA52 ESG.
Buy-back result of ENTRA52 ESG:
Volume: NOK 1,110 million (to be written down in the CSD)
Outstanding volume after the buy-back: NOK 890 million
Buy-back spread (interpolated Nordic Bond Pricing curve of 12 Aug-21): +0.753%
p.a.
Price: 101.993
Settlement date: 20 August 2021
New Green Bond issue:
Volume 1. tranche: NOK 1,665 million
Borrowing limit: NOK 4,000 million
Tenor: 9.25 years after the settlement date - 30 November 2030
Coupon: 0.95% p.a. (3 months NIBOR + Margin)
Margin: +0.55% p.a.
Price: 96.874 (equal to an interpolated spread (Nordic Bond Pricing) of +0.904%
p.a.
Denomination: NOK 1,000,000
DNB Markets and Swedbank acted as joint lead arrangers of the transaction.
The Proceeds from the bond issue, which replaces ENTRA52 ESG, 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/16126567/771/997/Download%20announcement%2
0as%20PDF.pdf