Bonheur ASA 17/22 FRN ("BON07")

details

Issue date 24.05.2017
Maturity date 25.05.2022
Amount NOK 500 000 000
ISIN NO 001 0793565
Coupon NIBOR 3m+4.00%
Coupon type FRN

financialcovenants

(a) Free Liquid Assets

The Issuer, on a non-consolidated basis, and companies owned 100% in aggregate by the Issuer, shall combined maintain cash and cash equivalents of minimum NOK 500,000,000.

(b) Book equity

The Issuer shall, on a non-consolidated basis, maintain a Book Equity of minimum NOK 2,280,000,000.

(c) Consolidated book equity ratio

The Issuer shall maintain a Consolidated Book Equity Ratio of minimum 25%.

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