ABOUT DNO OPERATIONS INVESTORS Contact us Media center Search Terms INVESTORS Debt financing DNO has established bond facilities with Nordic Trustee ASA as trustee for the bondholders. The financial covenants of the bonds issued by DNO require minimum USD 40 million of liquidity, and that the Group maintains either an equity ratio of 30 percent or a total equity of a minimum of USD 600 million. ISIN NO001188593 ISIN: NO001188593 Ticker: n/a Issuer: DNO ASA Maturity: 09.09.2026 Currency: USD Interest rate: 7.875 percent fixed (quarterly interest payments) Loan amount: USD 400 million Status of the bonds: Senior unsecured Call option: Callable at a premium from 09.09.2024 and until maturity (American call options) Trustee: Nordic Trustee ASA VPS agent: Danske Bank Global coordinator and joint lead manager: Pareto Securities AS Joint lead managers: Danske Bank and SEB Additional info The issuer shall apply for the bonds to be listed on an exchange within six months from the issue date ISIN NO0010852643 ISIN: NO0010852643 Ticker: DNO03 Issuer: DNO ASA Maturity: 29.05.2024 Currency: USD Interest rate: 8.375 percent Loan amount: USD 400 million Status of the bonds: Senior unsecured Call option: Callable at a premium from 29.11.2022 and until maturity (American call options) Trustee: Nordic Trustee ASA VPS agent: N/A Lead managers: Danske Bank and Pareto Securities Co-managers: SpareBank 1 Markets AS Additional info The bonds were listed on 28 February 2020. Bond ranking The bonds rank ahead of subordinated debt and rank at least pari passu with all of DNO’s other obligations, except for such claims including bankruptcy, insolvency, liquidation or other similar laws of general application. Financial covenants The financial covenants of the bonds issued by DNO require minimum USD 40 million of liquidity, and that the Group maintains either an equity ratio of 30 percent or a total equity of a minimum of USD 600 million. Documents The bond registration document, securities note and summary for DNO03 are available at the links below. DNO Bond Registration Document DNO Bond Securities Note DNO Bond Summary For any questions, please contact: Haakon Sandborg Chief Financial Officer Telephone: (+47) 23 23 84 80 Privacy policy Disclaimer Modern Slavery Act Statement Copyright © DNO ASA 2021 We use cookies to make our website work more efficiently, to provide you with more personalized services, and to analyze traffic on our website. For more information on how we use cookies and how to manage cookies, click here. You can change your cookie settings at any time. Accept & close Change settings