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Norwegian Energy Company ASA ( (GB:0HTF) ) has provided an announcement.
BlueNord ASA has successfully issued a USD 300 million subordinated callable hybrid bond, marking a significant milestone in its capital structure evolution. This bond issue will help refinance the convertible bond raised during its entry into the Danish Underground Consortium in 2019, while maintaining financial flexibility and preventing equity dilution. The bond, which carries a fixed interest rate of 12% per annum, is expected to settle around July 10, 2025, and will be listed on the Oslo Stock Exchange. The proceeds will be used to redeem any remaining BNOR15 bonds in full, further strengthening BlueNord’s financial position and outlook.
The most recent analyst rating on (GB:0HTF) stock is a Buy with a NOK681.00 price target. To see the full list of analyst forecasts on Norwegian Energy Company ASA stock, see the GB:0HTF Stock Forecast page.
More about Norwegian Energy Company ASA
BlueNord ASA is a European oil and gas company that focuses on producing and developing energy resources, as well as supporting the energy transition. The company holds a 36.8% interest in the Danish Underground Consortium, which manages oil and gas production in the Danish North Sea. BlueNord is publicly traded on the Oslo Stock Exchange under the ticker ‘BNOR’.
Average Trading Volume: 40,296
Current Market Cap: NOK13.38B
See more insights into 0HTF stock on TipRanks’ Stock Analysis page.