Reference is made to the release to Oslo Børs dated 10 March 2006 regarding among others Aker Yards' issue of two new bonds, one with a fixed interest rate coupon and one with a floating interest rate coupon, both with a 7 year tenor and with a combined total loan amount of up to NOK 600 million.
The interest for these two issues has been very good, and the loans are now fully subscribed. Aker Yards has decided to issue NOK 480 million in the loan with floating interest rate, and NOK 120 million in the loan with fixed interest rate. Both loans have a borrowing limit of NOK 600 million. Final issue of the loans are however subject to an approval by the bondholders of the presented changes in the loan agreement of AKY01 (ISIN NO 001023151.7) and AKY02 (ISIN NO 001023977.5) prior to the settlement date.
Final allocation will be forwarded to the investors as soon as possible. Settlement date is set to 5th April 2006. Aker Yards will apply for listing of the loans on Oslo Børs after the disbursement date.
DnB NOR Markets and Pareto Securities ASA has been mandated arrangers for the loans.
For further information, please contact:
Aker Yards ASA
Tore Langballe, SVP Communications and IR,
tel. +47 90 77 78 41
Leif Borge, CFO,
tel. +47 24 13 01 26
Aker Yards ASA is an international shipbuilding group focusing on sophisticated vessels. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels & ferries, merchant vessels, offshore & specialized vessels. Aker Yards, with an annual turnover of euro 2 bn, comprises 13 yards in Norway, Finland, Germany, Romania and Brazil and has approximately 13,000 employees. www.akeryards.com
Aker Yards is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 40,000 employees and EUR 7.5 billion revenues. Aker owns 55.6 per cent of Aker Yards, and the group is also a significant participant in the oil & gas business as well as the fisheries industry.