Ice Group listing on Oslo Axess photo Oslo Børs
Debt financing

Ice Group is financed through owners’ capital and loans. The group has external debts on four levels:

  • One SEK 340 million perpetual loan
  • One USD 82.5 million subordinated loan with the former pre-reorganisation parent company AINMT Holdings AB
  • NOK 3.1 billion of listed bonds, with Ice Group Scandinavia Holdings AS, of which Ice Group holds NOK 280 million
  • One convertible bond of NOK 689.1 million issued 31 August 2020

For further information, see Note 24 – borrowings, in the Ice Group ASA 2018 annual report.

See below for information about Ice Group's bonds.

Bond financing:

FRN senior unsecured bonds 2017/2022

Issuer Ice Group Scandinavia Holdings AS
ISIN NO 001 0789035
Borrowing limit NOK 800,000,000
Current outstanding amount NOK 800,000,000, of which Ice Group holds NOK 280,500,000
Arrangers Pareto Securities AS & DNB Markets, a division of DNB Bank ASA
Listing Oslo Stock Exchange (Oslo Børs)
Paying agent DNB Bank ASA
Settlement date 7 April, 2017
Maturity date 7 April, 2022
Interest 3 months NIBOR plus margin 5.25% p.a.
Interest payments 7 January, 7 April, 7 July and 7 October in each year
Bond terms Download PDF
Registration document Download PDF
Securitites note Download PDF
Summary Download PDF

FRN senior secured callable bonds 2017/2021

Issuer Ice Group Scandinavia Holdings AS
ISIN NO 001 0807092
Borrowing limit NOK 1,400,000,000
Current outstanding amount NOK 1,400,000,000
Arrangers Pareto Securities AS & DNB Markets, a division of DNB Bank ASA
Listing Oslo Stock Exchange (Oslo Børs)
Paying agent DNB Bank ASA
Settlement date 12 October, 2017
Maturity date 12 October, 2021
Interest 3 months NIBOR plus margin 4.60% p.a.
Interest payments 12 January, 12 April, 12 July and 12 October in each year
Bond terms Download PDF
Registration document Download PDF
Securitites note Download PDF
Summary Download PDF

FRN senior unsecured bonds 2019/2023

Issuer Ice Group Scandinavia Holdings AS
ISIN NO 0010864002
Current outstanding amount NOK 900,000,000
Arrangers Pareto Securities AS & DNB Markets, a division of DNB Bank ASA
Listing Oslo Stock Exchange (Oslo Børs)
Paying agent DNB Bank ASA
Settlement date 10 October, 2019
Maturity date 10 October, 2023
Interest 3 months NIBOR plus margin 8% p.a.
Interest payments 10 January, 10 April, 10 July and 10 October in each year
Bond terms Download PDF
Registration document Download PDF
Securities note Download PDF
Summary Download PDF

Ice Group ASA NOK 689,100,000 PIK toggle convertible bonds 2020/2025

Issuer Ice Group ASA
Co-debtor Ice Group Scandinavia Holdings AS
Issue Amount NOK 689,100,000
Issue Date 31 August 2020
Maturity Date 31 August 2025
Coupon 8% cash or 10% PIK per annum
Bond Terms Download PDF
Term Sheet Download PDF