Stock exchange notice: New Norwegian bond issues, with 10 year maturities

11.11.2004 08:11 | stock exchange information

(Oslo, 11 November 2004) In connection with the announced repurchase offer to the bondholders in STAKR01 (ISIN NO 001 016710.9) and STAKR03 (ISIN 001 016705.9), Statkraft AS has given DnB NOR Markets and Nordea Markets a joint mandate to arrange two new bond issues with 10 year maturities, one with a floating coupon rate and the other at a fixed coupon rate.

The floating rate bond issue will have a coupon rate equivalent to 3 months NIBOR, plus a margin of 0.55% p.a. The coupon rate will be fixed at 12.00 noon, Oslo time, on 26 November 2004.
 
The fixed rate bond issue will have a coupon rate equivalent to the 10-year interest rate swap (bid side), plus a margin of 0.55% p.a. The coupon rate will be fixed at 12.00 noon, Oslo time, on 24 November 2004.
 
Settlement for both bond issues will take place on 30 November 2004.
 
The arrangers can be contacted for more detailed information about the terms and conditions for the two new bond issues. A short description of terms and conditions will be made available on on www.newsweb.no (ticker code: STAKR01, STAKR03 and STAKR07). In addition Statkraft's annual and quarterly reports are available on www.statkraft.com.
 
 
Contacts:
Senior Vice president IR Lisbeth Lindberg, tel: +47 24 06 72 86/+47 995 23 150