City of Oslo - Successful issuance of syndicated NOK Green Bonds

By Oslo Stock Exchange

The City of Oslo (issuer rating AA+ by S&P) has today successfully issued NOK 6 bn in Green Bonds.

The transaction is split in four tranches: oNOK 1 bn in a new 2-year fixed rate bond, ISIN: NO0013771196, with a coupon of 5,219% p.a. Maturity date is 29 September 2028

oNOK 1 bn in a new 2-year FRN bond, ISIN: NO0013771212, NIBOR3M+15bps. Maturity date is 29 September 2028

oNOK 2 bn in a new 3-year FRN bond, ISIN: NO0013771220, NIBOR3M+20bps. Maturity date is 28 September 2029

oNOK 2 bn in a new 5-year FRN bond, ISIN: NO0013771204, NIBOR3M+28bps. Maturity date is 29 September 2031

The use of proceeds will be financing of the City of Oslo's new water supply. The issuer's Green Bond Framework has an SPO of Dark Green from S&P Global Ratings.

For further information about the City of Oslo: https://www.oslo.kommune.no/english/politics/investor-relations/ The bonds will be applied listed on Euronext Oslo.

Danske Bank, DNB Carnegie, Nordea and SEB acted as Joint Lead Managers.

Contact: Ståle Søbye, CFO, phone: 417 74 575, e-mail: stale.sobye@byr.oslo.kommune.no

https://newsweb.oslobors.no/message/682863

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