Bonheur ASA 14/21 FRN ("BON06")

details

Issue date 09.07.2014
Maturity date 09.07.2021
Amount NOK 600 000 000
ISIN NO  001 0714538
Coupon NIBOR 3m+3.50%
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) Consolidated book equity ratio

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

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