Norsk Hydro: Successful placement of green Eurobonds [Yahoo! Finance]
NORSK HYDRO A S ADS (NHYDY)
NASDAQ:AMEX Investor Relations:
hydro.com/en/investor-relations
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Source: Yahoo! Finance
Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured green bonds under its Euro Medium Term Note (EMTN) Program me. The new bond has a tenor of 7 years and a fixed annual coupon of 3.625 percent (3.649 percent reoffer yield). "We are very satisfied to have completed such a successful placement and issued our inaugural green bond. The strong interest confirms that Hydro is considered an attractive investment for bond investors. We are pleased to have achieved highly competitive terms," says CFO, Trond Olaf Christophersen. The proceeds from the bond issue will be allocated to eligible projects as defined in Hydro's Green and Sustainability-Linked Financing Framework, and contribute to advancing Hydro's strategy
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