Norsk Hydro: Fixed income investor meetings and contemplated bond issuance

Norsk Hydro ASA, rated Baa2/BBB by Moody’s and S&P, has mandated BNP Paribas, Citi, ING and Nordea as Joint Lead Managers to arrange a series of fixed income investor meetings across Europe commencing on Friday 29th March 2019 with a global investor call.

An inaugural EUR denominated dual-tranche, Reg S, senior unsecured bond issue with benchmark 6yr and expected EUR 300 million 10yr maturities may follow, subject to market conditions. The bonds are expected to be rated Baa2 by Moody’s.

Use of proceeds from the contemplated bond issue will be general corporate purposes including refinancing of indebtedness.

Roadshow schedule:
Friday 29th March – global investor call
Monday 1st April – Helsinki, Copenhagen and Germany   
Tuesday 2nd April – Amsterdam and Paris
Wednesday 3rd April – London

For further information, please contact:

Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail Stian.Hasle@hydro.com

Corporate Finance
Contact Peik Norenberg
Cellular +47 91761556
E-mail Peik.Norenberg@hydro.com

Disclaimer

Relevant stabilisation regulations including FCA/ICMA will apply.

Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.

This announcement is directed only at persons (i) outside the United Kingdom; (ii) that have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order”); (iii) falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.”) of the Order or (iv) to whom this announcement may otherwise be directed without contravention of Section 21 of the Financial Services and Markets Act 2000 (all such persons together being referred to as "relevant persons”). This announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdiction where it is unlawful to do so. The securities to which this announcement relates have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act”) or with any securities regulatory authority of any state of the United States or other jurisdiction and may not be offered, sold, pledged or otherwise transferred in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act), except pursuant to registration or an exemption from the registration requirements of the Securities Act and in compliance with any applicable state securities laws.