ABG Sundal Collier acted as joint manager and bookrunner for the NOK 1,250m senior unsecured bond issue by Kistefos

Kistefos AS, a private investment company wholly owned by Christen Sveaas, has successfully completed the issuance of new NOK 1,250m senior unsecured bonds with a framework of NOK 1,500m. The bonds have a floating coupon of 3m NIBOR + 5.00% p.a. and 5.0-year tenor. The net proceeds from the bond issue will be used to refinance part of KIST07 PRO and for general corporate purposes. The transaction received strong interest and was upsized from the initial amount of NOK 750m and priced in the lower end of the price range.
The transaction is the 11^th bond issue by Kistefos and this is the 8^th time ABGSC has acted as manager to Kistefos in connection with a primary transaction (in addition to tap issues).