Successful placement of new bonds

Reference is made to the announcement on October 18, 2017. Norsk Hydro ASA has successfully issued senior unsecured bond issues in total of NOK 3.0 billion and SEK 3.0 billion. The transaction is split on five tranches:

October 31, 2017

- 2Y SEK 1 billion fixed rate note with a coupon of 0.125% p.a. (0.18% reoffer yield)

- 3Y SEK 1 billion floating rate note with a coupon of 3m Stibor + 0.75% p.a. (reoffer spread 3m Stibor + 0.52% p.a.)

- 5Y SEK 1 billion fixed rate note with a coupon of 1.00% p.a. (1.115% reoffer yield)

- 5Y NOK 2 billion floating rate note with a coupon of 3m Nibor + 0.75% p.a. (reoffer spread 3m Nibor + 0.75% p.a.)

- 7Y NOK 1 billion fixed rate note with a coupon of 2.5% p.a. (2.548% reoffer yield)

"We are very pleased with the process and to have completed such a successful placement of bonds. Interest from investors has been strong and we believe we have accomplished highly competitive terms", says CFO Eivind Kallevik.

As previous announced the purpose of the bond issues are general corporate purposes and refinancing of debt raised in connection with the acquisition of Sapa AS.

An application will be made for the bonds to be listed at Oslo Børs.

DNB Markets, Handelsbanken Capital Markets and Nordea have acted as Joint Lead Managers for the issuance.


Updated: October 31, 2017