Reference is made to the notification sent 6 December 2010 regarding a potential new bond issue by Schibsted ASA.
Schibsted ASA has successfully completed issuance of NOK 700 million in the Norwegian bond market. Of this, NOK 300 million has maturity in December 2013, priced at 3 months NIBOR plus 150 basis points, whereas NOK 400 million has maturity in December 2015, priced at 3 months NIBOR plus 205 basis points.
As previously announced, the purpose of the contemplated bond issuance is to increase the number of sources of financing and to diversify the Group’s loan structure.
Nordea Markets and SEB Merchant Banking have acted as Joint Managers for the issuance.
For further information, please contact:
Nordea Markets
John Hoel
Tel: +47 22 48 77 85
SEB Merchant Banking
Petter Andreassen
Tel: +47 22 82 72 11
Schibsted ASA
Trond Berger, CFO
Tel: +47 916 86 695
Oslo, 7 December 2010
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations