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Entra issues 5-year note, repurchases 374M kroner bonds

Entra ASA issued a five-year floating-rate note, with the first tranche totaling 600 million Norwegian kroner.

The note carries a coupon of three-month Norwegian Interbank Offered Rate plus 0.72%, with a term running from Dec. 1, 2017, to Oct. 14, 2022.

The company said in a separate release that it repurchased 374 million kroner worth of bonds.

As of Nov. 24, US$1 was equivalent to 8.13 Norwegian kroner.