Norsk Hydro: Successful placement of inaugural European Green Bond

10 Jun 2025 18:30 CEST

Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured
European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme.
The new bond has a tenor of 8 years and a fixed annual coupon of 3.75 percent
(3.779 percent reoffer yield).

"We are delighted to have completed such a successful placement and issued our
inaugural EuGB. The strong interest confirms that Hydro is considered an
attractive investment for bond investors supporting our strategy of pioneering
the green aluminium transition, powered by renewable energy. We are pleased to
have achieved highly competitive terms," says Chief Financial Officer, Trond
Olaf Christophersen.

An amount equivalent to the proceeds from the bond issue will be allocated to
eligible activities as detailed in Hydro's European Green Bond Factsheet. The
transaction also markets Hydro as the first issuer of an EuGB from the Nordic
region, highlighting the company's commitment to the development of the
sustainable finance markets.

The bonds will be listed on the Irish Stock Exchange (Euronext Dublin).

BNP Paribas, Citi, Crédit Agricole Corporate and Investment Bank, DNB Carnegie,
Goldman Sachs Bank Europe SE and Nordea are Joint Lead Managers for the
transaction. Citi acted as the Green Structuring Bank.

Investor contact
Elitsa Blessi
elitsa.blessi@hydro.com
+47 91775472

Media contact
Anders Vindegg
+47 93864271
Anders.Vindegg@hydro.com

Group Treasury and Tax
Nesrin Taraf
+47 46862952
Nesrin.Taraf@hydro.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site