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.
DNO04 bond documents
The bond registration document, securities note and summary for DNO04 are available at the links below.
DNO03 bond documents
The bond registration document, securities note and summary for DNO03 are available at the links below.
For any questions, please contact:
Haakon Sandborg
Chief Financial Officer
Telephone: (+47) 23 23 84 80