Ferde AS – New bond issues

18 Aug 2025 16:25 CEST

Ferde AS has today successfully issued a dual tranche bond with a total amount
of NOK 3200 million; a 5 year FRN bond amounting to NOK 2450 million with coupon
3m Nibor + 0.45 % p.a. and a 15 year fixed rate bond amounting to NOK 750
million with a coupon of 4.25%.

At the same time Ferde AS has entered into a 15 year swap agreement of MNOK 250
with SEB, receiving the fixed coupon and paying 3M Nibor + 0.5575% p.a.

Related to the new bond issues, Ferde AS is buying back and writing down NOK
1250 million in FERDE30 PRO, ISIN NO0012805789

The net proceeds will be used for financing and refinancing of investments in
the Ryfast project. The new bond will
have guarantee (selvskyldnergaranti) from Rogaland County Municipality, rated
AAA (Stable) by Scope Ratings and from the City of Stavanger, rated AAA (Stable)
by Scope Ratings.

Settlement date is set to 28 August 2025 and the new bonds will be applied for
listing at Nordic ABM.

Nordea Markets and SEB acted as Joint Lead Managers.

Bergen, 18 August 2025
Øystein Holm Solheim, CFO
Phone: +47 47636429
E-mail: Oystein.Holm.Solheim@ferde.no

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