Norwegian supports growth with first euro bonds

Carrier completes its first euro-bond transaction
Norwegian announced this morning that it had successfully completed a new unsecured bond issue of €125 million with a four-year tenor. The proceeds will go towards supporting the company’s future growth.
Earlier this year Norwegian issued a similar-sized three-year bond in Norwegian kronor. The bond was issued with a coupon rate at 7.25% semi-annual interest payments.
The airline said that the net proceeds from the bonds would be “employed for general corporate purposes and to support the future growth of the group”. In October, Norwegian signed an order with Boeing to buy 19 Boeing 787-9 Dreamliner aircraft, scheduled for delivery between 2017 and 2020.
“We are very pleased to have completed our first bond issue in euro”, said CFO Frode Foss. “With this transaction we have broadened our base of bondholders from the Scandinavian market to the international market. Norwegian continues to attract financing utilising different sources of funding of the group and future growth.”
TTG Nordic


Check Also

Norwegian, loss, profit, revenue, 2017, year, quarter, costs, oil, fuel, Kjos, result

Norwegian posts €30.7mn full-year loss

The negative result was influenced by global expansion, fleet renewal and other costs.

Norwegian, low-cost, Kjos, Boeing 787, Dreamliner, Airbus, A321neo LR, Singapore, Asia, Argentina, South America, plans, strategy, UK, London, speech, Shard, transatlantic, long-haul, USA, Detroit, Philadelphia

Norwegian plots global expansion

But it is putting the UK first. It makes the first low-cost long-haul flight to South America today.

Norwegian, SEPLA, union, Spain, Ialy, bases, pilots, CBA, agreement, deal, Icelandair

Norwegian, Icelandair make deals with pilots

Separate agreements are signed with a union in Iceland – and unions in Spain and Italy.

Norwegian, France, Spain, Albania, Tirana, Bergen, Oslo, summer, 2018, Ibiza, Paris, Bastia, Corsica, flights, routes

Norwegian adds routes from Norway

Both year-round and seasonal routes are added to the low-cost carrier’s home network.

Norwegian, toilet, abort, return, Oslo, Munich, plumbers, working, fix

Sixty plumbers can’t fix Norwegian’s toilets

An aircraft carrying plumbers on a working trip from Oslo to Munich is forced to turn back.

Norwegian, aoc, certificate, licence, company, subsidiary, low-cost, flights, Argentina, Norwegian Air Argentina, Flybondi, routes

What are Norwegian’s plans in Argentina?

Argentina gives Norwegian Air Argentina an Air Operator’s Certificate. What next?