Color Group AS: Successful placement of perpetual hybrid bond tap issue

Color Group AS has successfully completed a NOK 300 million tap of its perpetual hybrid bond with ISIN NO 0010893340 at a price of 101% of nominal amount. The tap issue was substantially oversubscribed. Net proceeds from the new bond issue will be used for general corporate purposes.

Arctic Securities and DNB Markets acted as Joint Lead Managers in connection with the placement of the tap issue. An application will be made for the bonds to be listed on Oslo Børs. Until a listing prospectus has been approved, the bonds will trade under a separate ISIN (NO 0010990559).

Together with the previously announced NOK 150 million loan facility from the state guaranteed loan scheme through DNB Bank and GIEK and approximately NOK 65 million from realization of bunker hedges this sums up to a positive liquidity effect of NOK 515m for Color Group AS.
O.N. Sunde AS was allocated NOK 100 million in the hybrid bond tap issue.

apr 28 2021