Norwegian real estate developer Entra ASA on Tuesday announced launching two green bonds sales, targeting a total of NOK 1.6 billion (USD 182.9m/EUR 163.3m).

Under the first transaction, the Oslo-based company is selling NOK 700 million worth of six-year floating rate bonds maturing on May 22, 2025.

The securities have a coupon of 3mn NIBOR + 0.83 % per year. Additionally, Entra has initiated a NOK-900-million sale of seven-year fixed-rate bond with a coupon of 2.79% per year, equivalent to 3mn NIBOR + 0.90% per year. The term of the bond is May 22, 2026.

The raised funds will go for a project with high environmental standards in Oslo. DNB, Nordea and SEB are acting as joint lead managers for the deals.

Source Renewables Now