Norwegian has amended the pricing of its 2012 NKr600 million ($104 million) bond issuance, according to a stock exchange announcement.
The Scandinavian carrier tapped the market last year with a senior unsecured bond in which Arctic Securities and Swedbank First Securities acted as joint lead arrangers and placement agent. The senior unsecured bond has a three-year maturity to April 2015.
For the remaining two years, the interest rate will be 7.37%. The new reference rate is 1.87%, while the margin is 5.5%.
Norwegian says it will use the net proceeds to refinance existing bonds and for general corporate purposes.