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DNO ASA Completes USD 400 Million Hybrid Bond Placement

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DNO ASA Completes USD 400 Million Hybrid Bond Placement

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DNO ASA ( (GB:0MHP) ) has shared an announcement.

DNO ASA successfully completed a private placement of USD 400 million in subordinated hybrid bonds, which were significantly oversubscribed, reflecting strong investor demand across US, Nordic, and international markets. The proceeds from this bond issue will be used to refinance financial indebtedness in Sval Energi and for general corporate purposes, aligning with DNO’s financing strategy following its acquisition of Sval Energi Group AS.

More about DNO ASA

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea, and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the company holds stakes in onshore and offshore licenses at various stages of exploration, development, and production in regions including the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, and Yemen.

Average Trading Volume: 2,320,111

Current Market Cap: NOK12.31B

See more insights into 0MHP stock on TipRanks’ Stock Analysis page.

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