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Schibsted ASA (SCH) - Successful Placement of New Unsecured Bonds

Reference is made to the notification sent February 16, 2012 regarding a potential new bond issue by Schibsted ASA.

Schibsted ASA has successfully completed issuance of NOK 800 million in the Norwegian bond market. The issuance is split between a five year loan of NOK 500 million with maturity in March 2017 priced at 3 months NIBOR plus 215 basis points and a seven year loan of NOK 300 million with maturity in March 2019 priced at 5,90 %. Schibsted has swapped the seven year loan to floating interest. 

As previously announced, the purpose of the bond issuance is to increase the number of sources of financing and diversify the Group's loan structure.

An application will be made for the bonds to be listed on the Oslo Stock Exchange.

Danske Markets and SEB Merchant Banking have acted as Joint Managers for the issuance.

For further information, please contact:

Schibsted ASA
Trond Berger, CFO
Mobil: + 47 91 68 66 95

Danske Markets
Per Olav Glendrange
Tel: +47 23 13 91 94

SEB Merchant Banking
Jan-Erik Eiklid Nilsen
Tel: +47 22 82 72 64

Oslo, 17 February 2012
Schibsted ASA


 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Published: 2/17/2012 8:00 AM
Last updated: 2/17/2012 8:04 AM