ABGSC acted as joint bookrunner and manager to Noreco in connection with the USD 175 million Senior Unsecured Bond Issue.

ABG Sundal Collier acted as Joint Bookrunner and Manager to Noreco (Norwegian Energy Company ASA) in connection with the USD 175 million Senior Unsecured Bond Issue (the “Bond Issue”) announced Thursday 28 November and successfully closed Wednesday 4 December. The bonds will have a fixed coupon of 9.0% p.a., and will be applied for listing on the Oslo Stock Exchange. The Bond Issue follows Noreco’s recent completion of the acquisition of Shell’s interest in the Danish offshore oil and gas partnership, the Danish Underground Consortium. With this Bond Issue, Noreco will strengthen its capital structure and liquidity position, providing Noreco with the financial flexibility to participate in the Tyra redevelopment project and other low-risk value enhancing initiatives on the Danish Continental Shelf.