ABGSC acted as Joint Manager and Bookrunner in connection with the new NOK 1,000m senior unsecured bond issue by Kistefos AS

Kistefos AS, a private investment company wholly-owned by Christen Sveaas, has successfully completed the issuance of new NOK 1,000m senior unsecured bonds. The bonds have a floating coupon of 3m NIBOR + 5.75% p.a. and an expected maturity date at 11 September 2024. The net proceeds from the bond issue will be used to buy back approximately NOK 422m of existing bonds and for general corporate purposes.
The transaction marks the fourth consecutive time ABGSC is acting as manager for Kistefos (in addition to tap issues).