FINWIRES · TerminalLIVE
FINWIRES

Vår Energi Prices Offering of Three Senior Notes

By

Vår Energi (VAR.OL) said Tuesday that it priced its offering of three senior notes, with settlement expected on Sept. 22, 2026.

The offering includes $750 million of 5.5% senior notes maturing on Sept. 22, 2029, along with $750 million in 5.75% senior notes due on Sept. 22, 2031. It also covers $1 billion of senior notes carrying an annual fixed coupon of 6.125% and will mature on Sept. 22, 2036.

The upstream oil and gas company earmarked the proceeds to fully repay its existing senior notes due 2027, for general corporate purposes and to pay transaction fees and expenses.

What else is happening in Treasury?

Treasury

Sandoz Group Launches EUR500 Million Bond

Sandoz Group (SDZ.SW) said Monday it completed the issuance of 500 million euros of 4.835% bonds with a maturity of 12 years.Proceeds from the bond issuance will be used for general corporate purposes, including refinancing of existing debt.The Swiss drugmaker expects to hold its average annual interest rate on gross debt under 4%, while pushing its debt maturity profile to 2038.

$SDZ.SW
Treasury

Huadian New Energy Issues 1.50 Billion Yuan in Medium-Term Bonds

Huadian New Energy (SHA:600930) completed the issuance of its first tranche of medium-term bonds for the year, which amounts to 1.50 billion yuan, according to a Shanghai bourse filing Tuesday.The bonds carry an interest rate of 1.69% and a term of five years, maturing Sept. 11, 2031.Industrial Bank (SHA:601166) acted as the lead underwriter and bookrunner of the issuance.

SHA:600930SHA:601166
Treasury

Singapore's Overall Bond Issuance Jumps 22% in 2025

Singapore's overall bond issuance jumped by 22% year on year to $95 billion in 2025, according to data released by the Monetary Authority of Singapore on Monday.Total outstanding debt arranged by financial institutions in the city-state rose by 6.8% year over year to SG$659 billion, while new debt issuance rose 10% to SG$339 billion, driven by refinancing needs and regional demand for AI, technology and infrastructure funding.Covered bond issuance reached SG$11 billion, taking the market's outstanding size to around SG$29.8 billion.MAS has flagged higher bond yields and inflation concerns for 2026, with Asian bond markets to remain resilient.

^STI