Debt
Noreco uses different sources of funding and currently has the following outstanding debt instruments.
Nor15
Key Information
USD 250 Million Convertible Bond
Key Information
Maturity
ISIN
Outstanding amount
December 2025
NO0012780867
USD 208 million
The bond carries a coupon of 8% p.a. payable in kind (PIK), the Company has the options to pay interest in cash in which the coupon is 6% p.a.
Nor14
Key Information
Issued
Maturity
ISIN
Outstanding amount
17.12.2019
17.06.2026
NO001087090.0
USD 175 million
The NOR14 USD 175 million senior unsecured bond was issued in December 2019. The bond carries a coupon of 9% p.a., payable semi-annually.