Ferde doubles Nokkie floater size from minimum target

Toll Booth
By Mike Turner
29 Oct 2019

Norway’s Ferde has launched a Nkr2bn (€194m) triple part floating rate green bond, with the toll operator cruising past its minimum amount target.

The issuer has set final terms on a Nk400m 2.5 year bond at Nibor plus 19bp, an Nk800m 3.25 year tranche at N+25bp and an Nk800m 5.5 year bond at N+38bp.

All books were covered, according to a market update seen by bankers off the deal.

Ferde mandated sole bookrunner ...

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