Business News

Schibsted ASA (SCH) – Successful placement of new unsecured bonds

Tuesday 07. December 2010 - Reference is made to the notification sent 6 December 2010 regarding a potential new bond issue by Schibsted ASA.

Schibsted ASA has successfully completed issuance of NOK 700 million in the Norwegian bond market. Of this, NOK 300 million has maturity in December 2013, priced at 3 months NIBOR plus 150 basis points, whereas NOK 400 million has maturity in December 2015, priced at 3 months NIBOR plus 205 basis points.
As previously announced, the purpose of the contemplated bond issuance is to increase the number of sources of financing and to diversify the Group’s loan structure.
Nordea Markets and SEB Merchant Banking have acted as Joint Managers for the issuance.