The issue comprises a NOK 5 billion fixed rate bond that will mature in January 2007, a NOK 7 billion floating rate bond maturing in December 2007 and a fixed rate bond of NOK 2.5 billion maturing in November 2009. The issues have been arranged by Nordea, Pareto and Danske Bank respectively.
"We are very pleased that we have managed to make such a large bond issue at competitive prices in the Norwegian market", says Ola Idland, Senior Vice President.
Statkraft is Norway's largest producer of electric power. The company's own production capacity is a good 42 TWh p.a., or about 1/3 of the country's total hydropower production. Statkraft has a staff of about 2,500, including the subsidiaries Skagerak Energi, Trondheim Energiverk and Statkraft Grøner. The company is Norway's largest land-based taxpayer. Statkraft has ownership interests in the following Norwegian energy companies: Agder Energi, BKK and Fjordkraft. Measured in size, the Statkraft Alliance ranks number 3 in the Nordic production market and is the second largest in the Norwegian consumer market.