Elkem ASA Announces Successful Placement of Senior Unsecured Green NOK Bonds

Reference is made to the stock exchange notice dated 22 August 2023. Elkem ASA has today successfully issued NOK 1,000 million of new senior unsecured green bonds. NOK 650 million has been issued with a tenor of 5 years and a coupon of 3 month Nibor + 1.55 % per annum while NOK 350 million has been issued with a tenor of 5 years and a fixed coupon of 5.75 % per annum. The transaction was oversubscribed. Settlement will take place on 31 August 2023.

Danske Bank and DNB Markets have acted as Joint Lead Managers and Green Bond Advisors for the bond issuance.