Norske Skog Completes Oversubscribed Bond Issue

Norske Skog ASA (DE:0BQ) has released an update.

Norske Skog ASA has announced the successful completion of a NOK 1.4 billion bond issue, due in five years with a coupon rate tied to the 3-month NIBOR plus 4.50%. The offering was met with strong demand, leading to an oversubscription. The proceeds will be used to refinance existing bonds and for general corporate functions, with plans to list the new bonds on the Oslo Stock Exchange.

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