English | 简体中文 | 繁體中文 | 한국어
Share:
DNO ASA: Contemplated Bond Issue

16 May 2018 - DNO ASA, the Norwegian oil and gas operator, is contemplating the issuance of a new, five-year senior unsecured bond with a minimum size of USD 400 million through a private placement. The coupon rate and the issue size will be determined during the accelerated book building commencing today. The net proceeds from the contemplated bond issue will be used towards the refinancing of DNO's existing DNO01 bond (ISIN NO 0010740392) and for general corporate purposes. Existing DNO01 bondholders that participate in the contemplated new bond issue will be given the opportunity to offer part or all of their DNO01 bonds at 103.25 percent of par plus accrued interest at settlement of the contemplated new bond issue.

Pareto Securities AS is acting as lead manager and bookrunner with Danske Bank and SpareBank 1 Markets AS acting as co-managers and bookrunners.

--

For further information, please contact:
Media: [email protected]
Investors: [email protected]
Tel: +47 911 57 197

--

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, Oman, Somaliland, Tunisia, the United Kingdom and Yemen.

--

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

--

This release does not constitute any offer or solicitation to sell or purchase any securities. 


The release may not be released, published or distributed in the United States of America or any other jurisdiction where release, publication or distribution would be prohibited or require any registration or filing acts or similar.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DNO ASA via Globenewswire

Copyright © Thomson Reuters 2019. All rights reserved.
Press Releases
Cristina Stenbeck, Erik Mitteregger and Mario Queiroz will not stand for re-election in 2019, and the Nomination Committee proposes two new Directors to the Kinnevik Board  
Jan 18, 2019 08:00 ET
Bavarian Nordic Announces Exercise of USD 44 Million Option by the U.S. Government under Contract for Freeze-dried MVA-BN® Smallpox Vaccine  
Jan 18, 2019 07:15 ET
Ethan Allen Announces Earnings Release Date for Fiscal 2019 Second Quarter Results  
Jan 17, 2019 22:30 ET
Ossur Hf : Q4&FY 2018 Results - Conference call Tuesday 5 February at 9:00 CET  
Jan 17, 2019 13:42 ET
REC Silicon - Presentation at the Pareto Securities Power and Renewable Energy Conference 2019  
Jan 17, 2019 13:40 ET
INGREDION TO RELEASE 2018 FOURTH-QUARTER AND YEAR-END FINANCIAL RESULTS AND HOLD CONFERENCE CALL AND WEBCAST ON TUESDAY, FEBRUARY 5, 2019  
Jan 15, 2019 01:59 ET
Eastman Schedules Fourth-Quarter and Full-Year 2018 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast  
Jan 10, 2019 23:29 ET
Particle Sciences strengthens nanomilling offering with new API screening program  
Jan 9, 2019 21:59 ET
Lubrizol Performance Coatings Group Introduces New Blog Page  
Jan 8, 2019 22:29 ET
Verisk Launches Black Box 3  
Jan 8, 2019 21:59 ET
More News >>
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: