September 1, 2009

Sandvika, Norway: REC Completes Bond Issuance

REC has completed the issue of a 5-year fixed rate bond loan in the Norwegian bond market. REC announced earlier today the launch of a 5 year bond issue.

The bond loan was very well received in the market, and the company decided to close the transaction when the books reached NOK 1,250 million. The bond loan pays a fixed spread of 690 basis points and settles on September 16, 2009, with maturity on September 16, 2014.

DnB NOR Markets, Nordea Markets and SEB Merchant Banking acted as joint arrangers for the bond issue.

Further details about: REC