Bank Norwegian AS issued an Additional Tier 1 bond of 300 million Norwegian kroner.
The bond carries a coupon equivalent to the three-month Norwegian Interbank Offered Rate plus 5.25%.
Arctic Securities and Nordea Markets served as managers on the transaction.
Bank Norwegian is a unit of Norwegian Finans Holding ASA.
As of June 6, US$1 was equivalent to 8.48 Norwegian kroner.