Orkla ASA (ORK)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
HYC	INDS	PRCD	ORK	Orkla ASA	kr3,000		2	EMEA	May 27, 2021

Tranche #1Orkla ASA

currency

NOK

size (m)

1,500.000

maturity

Jun 7, 2028

type

Floating

tenor

7.000

call

registration

benchmark

3mN

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

3mN+65-68

ipt-pxd

guidance

3mN+62-65

spread

coupon

3mN+62

spread set

price

100.00000

yield

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Orkla ASA

currency

NOK

size (m)

1,500.000

maturity

Jun 4, 2031

type

Fixed

tenor

10.000

call

registration

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+70 a

ipt-pxd

guidance

MS+67-70

spread

coupon

2.4425%

spread set

price

100.00000

yield

2.4425%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Comments: NOK1.5bn Jun 2028 7yr Green FRN. With 10yr fixed. DNB/HCM/SEB(struct). IPTs 3mN+65/+68, guidance 3mN+62/+65 WPIR, launch 1.5bn (500m retained) at 3mN+62, combined bks >2.8bn ex-JLM&retained, peak >3.2bn. Tax Call: No. PP: No. XD: No. CoC: 100%. Settlement Date: 2021-06-07; 10 yr: Comments: NOK1.5bn 10yr fixed green. With 7yr FRN. DNB/HCM/SEB(struct). IPTs MS+70 area, guidance MS+67/+70 WPIR, launch 1.5bn (1bn retained) at MS+67, combined bks >2.8bn ex-JLM&retained, peak >3.2bn. Tax Call: No. PP: No. XD: No. CoC: 100%. Settlement Date: 2021-06-04;

Deal Comments

Green Bond

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