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 bonds, with Ice Group Scandinavia Holdings AS, of which NOK 1.7 billion is listed and Ice Group holds NOK 280.5 million
- One convertible bond of NOK 689.1 million issued 31 August 2020
For further information, see Note 22 – borrowings, in the Ice Group ASA 2020 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 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 |
FRN senior secured bonds 2021/2025
| Issuer | ICE GROUP SCANDINAVIA HOLDINGS AS |
|---|---|
| ISIN | NO0010939788 |
| Borrowing limit | NOK 2,000,000,000 |
| Current outstanding amount | NOK 1,400,000,000 |
| Arrangers | Arctic Securities AS; DNB Markets, a part of DNB Bank ASA; and Pareto Securities |
| Listing | To be listed on Oslo Stock Exchange (Oslo Børs) |
| Paying agent | DNB Bank ASA |
| Settlement date | 10 March 2021 |
| Maturity date | 10 March 2025 |
| Interest | 3 months NIBOR, plus margin of 4.0% p.a. |
| Interest payments | 10 March, 10 June, 10 September and 10 December in each year |
| Bond terms | Download PDF |
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