Public Property Invest ASA Successfully Increases of NOK and SEK Senior Unsecured Bonds
Public Property Invest ASA ("PPI"), rated BBB (Stable) by Fitch, has today successfully tapped the following bond issues:
- SEK 550 million in XS2995509077 with maturity date 5 February 2028 at a spread equivalent of 3 months Stibor +1.85% p.a. The outstanding volume after the transaction will be SEK 800 million.
- NOK 200 million in NO0013471730 with maturity date 5 February 2028 at a spread equivalent of 3 months Nibor+1.85% p.a. The outstanding volume after the transaction will be NOK 500 million.
The tap issues have been issued under PPI's EUR 2bn EMTN programme dated 25 November 2024. The net proceeds from the tap issues will be used for general corporate purposes.
DNB Markets, Nordea and SEB acted as Joint Lead Managers in connection with the successful transactions.
Contact: André Gaden, CEO, [email protected], phone, +47 93037322 or Marianne Aalby, EVP Finance and ESG, [email protected], phone, +47 92614477