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StormGeo Holding AS lists its first bond issue on Oslo Børs today.
StormGeo is a global weather services provider with operations in offshore, renewables, media, corporate enterprise and shipping industries.
The bond loan that is admitted to listing today – StormGeo Holding AS 14/17 FRN C – is an issue of NOK 500 million with a floating interest rate of 3 month NIBOR + 5.75 %, with maturity in January 2017. Sparebank 1 SR-Bank Markets and Swedbank are the managers for the issue.
The Norwegian bond market is growing strongly, and an increasing number of companies are raising loan capital on the Oslo Børs fixed income marketplaces. Companies with bonds and certificates listed on Oslo Børs and Nordic ABM marketplaces have raised more new loan capital this year than ever before.
