Finance

Aker ASA Announces Monumental NOK 300 Million Bond Issue

OSLO, Norway, April 5, 2024 – In a move that signifies robust financial maneuvering, Aker ASA, a prominent investor in energy and energy-related businesses, has announced the successful issuance of a NOK 300 million senior unsecured bond. Set to mature over seven years, the bond carries a competitive coupon rate tied to 3 months Nibor (Norwegian Interbank Offered Rate) plus an additional 1.80% per annum. This strategic financial initiative reflects Aker ASA's ongoing commitment to consolidate its investment capabilities and secure its standing in the global market.

In line with established financial protocols, Aker ASA has taken the requisite steps to apply for the bond to be listed on the Oslo Stock Exchange. Such a listing is integral as it not only augments the visibility and liquidity of the bond but also provides investors with a regulated marketplace to trade these financial instruments thereby enhancing investor confidence.

Behind this significant bond issuance is Nordea, who has played a pivotal role as the Sole Arranger, evidencing the bank's strong investment banking capabilities and expertise in debt capital markets. Through the direct involvement of Nordea, Aker ASA has navigated the complex terrain of bond issuance with strategic advisement and execution.

Prospective investors and financial analysts aiming to engage with Aker ASA may direct their queries to Fredrik Berge, the Head of Investor Relations at Aker ASA. The company has furnished contact details to ensure that strong channels of communication are established, thus facilitating robust investor relations and corporate transparency. Fredrik Berge Head of Investor Relations Aker ASA Telephone: +47 450 32 090 E-mail: [email protected]

Mandatory Disclosure in Accordance with Norwegian Law

Aligned with the legal requirements, the announcement underscores the obligation under section 5-12 of the Norwegian Securities Trading Act to maintain transparency and ensure the timely dissemination of information that could materially impact the market. Aker ASA adheres to these mandates as part of their intrinsic operational ethics and corporate governance standards.

This pivotal financial undertaking by Aker ASA has been widely disseminated through Cision, a renowned global leader in news distribution and media monitoring services. To ensure that the financial community receives timely and consistent information regarding Aker ASA's developments, Cision plays a crucial role in distributing such press releases.

Follow the link below to read more about Aker ASA's successful bond issue on Cision's official website: http://news.cision.com/aker-asa/r/aker-asa---successful-bond-issue,c3956878

Strengthening the Financial Foundation

This bond issue is not just a testament to Aker ASA's financial acumen but also illustrates a confidence in the company's long-term prosperity. By tapping into the bond market, Aker ASA is diversifying its financing methods and underpinning its cash flow for sustained corporate ventures and expansions. The decided terms of the coupon rate being tied to Nibor denotes a considerable assurance in the stability and predictability of the Norwegian economy's interest rates.

Investors often see the listing of bonds on a reputable exchange, such as the Oslo Stock Exchange, as a marker of the issuing company's credibility and the investment's liquidity. Aker ASA's decision to list the new bonds is in sync with such investor expectations, hence catering to both retail and institutional investors who see value in an easily accessible and regulated marketplace for their investment.

Nordea's role as the Sole Arranger further fortifies investors' trust, as the bank's expertise and insight are highly regarded in the Scandinavian financial markets. This partnership has undoubtedly paved the way for a streamlined issuance process, propelling Aker ASA closer towards achieving its strategic financial objectives.

Investors interested in the intricacies of bond investments or the specifics of this particular issuance are encouraged to reach out to Fredrik Berge, whose role crucially entails maintaining a clear line of communication between Aker ASA and its investors. By making the lines of communication open and accessible, Aker ASA exemplifies its dedication to transparency and investor service.

Legal Compliance and Transparency

The disclosure requirements set by the Norwegian Securities Trading Act represent a legal framework designed to ensure that all stakeholders have the information necessary to make informed decisions. Through adherence to such requirements, Aker ASA demonstrates its unwavering commitment to fair trade practices and regulatory compliance, cementing its position as an upstanding participant in the financial markets.

Moreover, given the ever-evolving landscape of securities regulation, Aker ASA's compliance serves as an assurance of its dedication to not only remain within the legal parameters but also align with the best practices of corporate conduct. The fulfillment of such disclosure obligations solidifies shareholder trust and secures a robust corporate reputation.

Cision has long been an integral player in the conveyance of business news, and Aker ASA's selection of this platform for its announcement reveals a strategic choice in favor of widespread reach and recognized authority. Cision's provision of a dedicated page for Aker ASA's successful bond issue is indicative of the significance of this event and ensures that the news is both verified and accessible.

For further details and a comprehensive look at Aker ASA's milestone bond issue, the provided link to Cision's platform offers a gateway to the full press release. Readers can navigate to the page for in-depth information on the bond, its terms, and broader implications for Aker ASA and its stakeholders.

Synthesis and Forward Outlook

The NOK 300 million bond issue is not an isolated financial strategy but part of Aker ASA's larger canvas of fiscal fortification and expansion. It provides a clear signal of Aker ASA's forward-looking approach to financing, with an underlying confidence in consistent growth and value creation. This bond issue is expected to bolster the company's investment capacity and fuel future initiatives that may span across Aker ASA's diverse portfolio.

Reflecting on the global financial landscape, particularly in the wake of economic shifts and emerging market dynamics, Aker ASA's success in issuing the bond reaffirms its acumen in timing and market comprehension. It stands as an illustration of a well-calculated risk and an ambition to stay ahead of the curve through informed and strategic decisions.

The anticipated listing on the Oslo Stock Exchange opens a new chapter in Aker ASA's financial journey, introducing the bond to a broader market base and adding depth to the company's financial instruments. This strategic move aligns with Aker ASA's historical pattern of resilient and adaptable financial strategies, further consolidating its credibility in the eyes of current and potential investors.

Nordea's role, pivotal to this process, has displayed an exemplary partnership that leverages its vast network and financial expertise. In a symbiotic collaboration, both Aker ASA and Nordea have crafted a seamless bond issuance process to secure advantageous terms for Aker ASA, while also preserving the interests of the bond's future holders.

Engagement with shareholders and the wider investment community remains a top priority for Aker ASA, underscored by the role of their investor relations team. This attentiveness to investor needs fosters a culture of approachability and indicates the company's recognition of the importance of investor insights in shaping corporate trajectories.

As Aker ASA proceeds with its legal obligations, the company not only adheres to regulations but also paves the way for best practices in terms of reporting and disclosure. Such a proactive stance on compliance reassures stakeholders of the company’s integrity and conscientious approach to its financial dealings.

In this digital age, the partnership with a news distribution service like Cision represents a forward-thinking approach to corporate communications. Aker ASA's utilization of Cision's platform is reflective of a deep understanding that in today's fast-paced information economy, the rapid and reliable dissemination of news is vital.

A visit to Cision's website will afford interested parties not only a closer look at the mechanics and nuances of Aker ASA's successful bond issue but also provides a portal to an extensive repository of information that Cision hosts about Aker ASA and their various corporate maneuvers.

In closing, Aker ASA’s NOK 300 million bond issue is a representation of the company's strategic foresight and financial dexterity. The successful issuing and future listing of the bond mark an exciting development for Aker ASA and its stakeholders. By capitalizing on favorable market conditions and demonstrating compliance and transparency, Aker ASA stands poised to continue on its trajectory of sustainable growth and investment excellence.