Ferde issues NOK 1 bn bond for Ryfast refinancing

Ferde AS, rated AA+ (Stable) by Scope Ratings, has issued a new 3-year bond totaling NOK 1,000 million. The bond, with a coupon rate of 3m Nibor + 0.303% per annum, will refinance investments in the Ryfast project.

The new bond features strong guarantees from Rogaland County Municipality and the City of Stavanger, both rated AAA (Stable) by Scope Ratings. This backing is expected to result in a bond rating of AAA (Stable) from Scope Ratings for the new issue.

Settlement for the bonds is set for November 27, 2025, and they will be listed on Nordic ABM. DNB Carnegie managed the bond issue.