Vegfinans Vestfold og Telemark AS – Successful Issuance of new NOK Bonds

25 Nov 2025 06:28 CET

Vegfinans Vestfold og Telemark AS (issuer rating AA, stable by Scope Ratings)
has successfully issued bonds with at total amount of NOK 1,500 million. The
transaction was split into three tranches:

- NOK 800 million in a new 5.25-year tranche with a floating rate coupon of 3
months Nibor + 0.45 % p.a.
- NOK 300 million in a new 5.25-year tranche with a fixed rate coupon of 4.374 %
p.a.
- NOK 400 million in a new 15-year tranche with a fixed rate coupon of 4.501 %
p.a.

The new bonds will have a guarantee (selvskyldnergaranti) from Telemark County
Municipality (AA+, stable by Scope Ratings) and are expected to receive a bond
rating of AA+ by Scope Ratings.

The net proceeds will be used for financing and refinancing of projects in the
region.

Settlement date is set to 1 December 2025 and the new bond issues will be
applied for listing at Nordic ABM.

DNB Carnegie and Handelsbanken acted as Joint Lead Managers.


Drammen, 25 November 2025

Frode Tegnér, CFO, Mobile: +47 906 19 102

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