Statkraft Prices of Public Offering of 1.125% Series 2017/1 Notes Due 2025 for USD533.4 Million

Published: Mar 13 2017
Deal Summary

Statkraft AS, a power generation company, has priced the first tranche of public offering of 1.125% series 2017/1 notes due March 20, 2025 for gross proceeds of EUR500 million (USD533.47 million). The notes will be issued at 99.863% of the aggregate nominal amount and will yield 1.143% upon maturity.

Interest on the notes will be paid annually on March 20 of each year, commencing from March 20, 2018, up to and including the maturity date.

The company may optionally redeem the notes on any payment day from, and including, the issue date to, but excluding December 20, 2024.

Barclays, BNP Paribas SA, Danske Bank and Goldman Sachs International are acting as joint book-runners to the company for the offering.

The company intends to use the proceeds for general corporate purposes.

The offering is expected to be completed on or about March 20, 2017.

Deal History:

Announced: On March 14, 2017, Statkraft announced a public offering of 1.125% bonds due March 20, 2025 for gross proceeds of EUR500 million (USD533.47 million). The offering is part of company's EUR6,000 million (USD6,748.8 million) existing euro medium term note (EMTN) programme.

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