Norwegian amends pricing of Nkr600m bond

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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.