Vegfinans Vestfold og Telemark explores bond issuance for regional projects

Vegfinans Vestfold og Telemark AS, with an issuer rating of AA and a stable outlook from Scope Ratings, is exploring the possibility of issuing one or more NOK-denominated bonds. DNB Carnegie and Handelsbanken have been appointed as Joint Lead Managers for this potential transaction.

The contemplated bond issuance is expected to have a minimum tenor of 3.25 years and an anticipated combined volume of at least NOK 1 billion. This transaction remains subject to prevailing market conditions.

Proceeds from the new bonds will be allocated towards financing and refinancing projects within the region. The new bonds will also benefit from a guarantee provided by Telemark County Municipality. Frode Tegner, cfo, can be contacted for further information.