Kongsberg Gruppen NOK 1bn 4.85% senior unsecured bond due 2030
Key terms
- Borrower or issuer
- Kongsberg Gruppen
- Date
- 23 May 2023
- Type
- Bond
- Amount
- NOK 1bn (US$95m)
- Pricing
- 4.85% fixed
- Maturity
- 2030
- Rating at issue
- A- (index)
Recorded terms
- Structure
- Seven-year senior unsecured bond, to be listed on Oslo Børs; settlement 31 May 2023
- Lenders and arrangers
- Joint lead managers Danske Bank and Nordea
- Country
- Norway
Rating at issue
Rated A- at issue on the index basis (middle of three agencies, lower of two), from the issuer's own release.
Kongsberg Gruppen ASA, rated A- (stable) by Nordic Credit Rating
Ratings change over time; check the agencies for the current rating.
Parties
- Kongsberg Gruppen borrower or issuer
- bookrunner/arranger: Nordea, Danske Bank
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 May 2023 | Lockheed Martin US$2,000m senior notes (3 tranches) | Bond | US$2bn |
| 19 Jul 2023 | HEICO US$1.2bn senior notes to fund the Wencor acquisition | Bond | US$1.2bn |
| 31 Jul 2023 | L3Harris Technologies US$3,250m senior notes (3 tranches) | Bond | US$3.25bn |
| 3 Aug 2023 | Booz Allen Hamilton US$650m 5.950% senior notes due 2033 | Bond | US$650m |
| 9 Aug 2023 | TransDigm US$1.45bn 6.875% senior secured notes due 2030 | Bond | US$1.45bn |
M&A and investment involving Kongsberg Gruppen
| Date | Deal | Type | Value |
|---|---|---|---|
| Dec 2018 | Kongsberg NOK 5.0bn rights issue (Rolls-Royce Commercial Marine) | Equity raise | NOK 5bn |
Sources
- Kongsberg Gruppen stock exchange release: successful placement of new senior unsecured bonds inderes.dk · 23 May 2023
About this record
Record DEF-2023-0022, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
