Favorable funding for E-CO Energi

16.08.17

In connection with the purchase of the shares in Hafslund's hydropower production, E-CO Energi Holding AS raised new loans valued at NOK 2.8 billion on the US capital market for private placements.

E-CO ENERGI HOLDING AS continues to fund long-term business activities that have a long duration until maturity and offer competitive terms.

In connection with the purchase of the shares in Hafslund's hydropower production, E-CO Energi Holding AS raised new loans valued at NOK 2.8 billion on the US capital market for private placements.

The terms to maturity and amounts break down as follows: 

7 years - MNOK 290

10 years - MNOK 910

12 years - MNOK 723

15 years - MNOK 848

 

The company is well good satisfied with yet another successful transaction in a loan market which, over time, has been cost-effective and available to the type of credit E-CO represents. 

Contact:

Stine Rolstad Brenna, CFO, +47 928 03 456