Bonheur ASA 19/24 FRN ("BON09")

details

Issue date 04.09.2019
Maturity date 04.09.2024
Amount NOK 800 000 000
ISIN NO 001 0861313
Coupon NIBOR 3m+2.50%
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) Book equity ratio
The Issuer shall maintain a Book Equity Ratio of minimum 35%.

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