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Credit rating

Vår Energi ASA has obtained public investment grade credit ratings from S&P Global and Moody’s. S&P Global has assigned Vår Energi ASA a ‘BBB‘ Stable Outlook rating, Moody’s has assigned a ‘Baa3‘ long-term issuer rating with stable outlook.

Rating: Baa3 with stable outlook

Report

Rating: BBB with stable outlook

Report

Maturity profile

Senior Notes issued by Vår Energi ASA

Issued Maturity Currency Amount Cupon Periodicity ISIN Link
15.11.2023 15.11.2083 EUR 750 million 7.862 % Yearly XS2708134023 Link
04.05.2023 04.05.2029 EUR 600 million 5.500 % Yearly XS2599156192 Link
15.11.2022 15.11.2032 USD 1 000 million 8.000 % Half-Yearly USR9576ZAE80 / US92212WAE03 Link
15.11.2022 14.01.2028 USD 1 000 million 7.500 % Half-Yearly USR9576ZAD08 / US92212WAD20 Link
18.05.2022 18.05.2027 USD 500 million 5.000 % Half-Yearly USR9576ZAA68 / US92212WAA80 Link

The Senior Notes are listed on the Luxembourg Stock Exchange.

EMTN Programme

Vår Energi’s Euro Medium Term Note (EMTN) programme was established in March 2023, and updated in October 2024.

The ETMN programme will be updated annually and continues a standardised master agreement for issuance of public benchmark bonds. The programme has a limit of EUR 3 billion.

The programme is listed under the Luxembourg Stock Exchange.

Relevant documents

Disclaimer

ELECTRONIC VERSIONS OF THE BASE PROSPECTUS AND ANY OTHER DOCUMENT RELATING TO VÅR ENERGI’S €3,000,000,000 EURO MEDIUM TERM NOTE PROGRAMME (AND THE INFORMATION CONTAINED THEREIN, THE “PROGRAMME“) ARE BEING MADE AVAILABLE ON THIS WEBSITE BY VÅR ENERGI ASA IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY.
THESE MATERIALS ARE NOT DIRECTED AT AND SHOULD NOT BE ACCESSED BY PERSONS IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISSEMINATION OF THESE MATERIALS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

The following web pages (and the information contained herein) do not contain, constitute, or form part of, nor shall it be construed to constitute any offer to sell or a solicitation of an offer to buy any securities in any state or other jurisdiction of the United States (including its territories and possessions) or to or for the account or benefit of any U.S. person (“U.S. person“) as defined in the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or in any other jurisdiction in which such offer or solicitation would require the approval of local authorities or would otherwise be unlawful (“Other Jurisdictions“). No user is entitled to copy, amend, publish, forward, retransmit, send, or otherwise transfer the information contained therein.

The securities issued under the Programme have not been and will not be registered under the U.S. Securities Act, or pursuant to the corresponding regulations in force in any Other Jurisdiction. Accordingly, no securities may be offered, sold, resold, transferred, distributed, or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any applicable state or other securities laws of the United States. In addition, no securities may be offered, sold, resold, transferred, distributed or delivered (directly or indirectly) in any Other Jurisdiction or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in the relevant jurisdiction. No public offering is being made in the United States or in any Other Jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful.

The distribution of the Base Prospectus and other documents available on this website (the “Programme Documents“) may be restricted by law and by the Programme Documents in certain jurisdictions. Persons who come in possession of the Programme Documents must inform themselves and observe any such restrictions on the distribution of the Programme Documents and on the offering and sale of securities. In particular, there are restrictions on the distribution of the Base Prospectus and the offer or sale of securities under the Programme Documents in the United States, Norway, the European Economic Area, the United Kingdom, Belgium, Hong Kong, Italy, Japan and Singapore.

By clicking the appropriate button below, you certify to Vår Energi ASA that:

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In order to comply with applicable legal restrictions, access to these materials is limited to those persons who make the certification described above by clicking on the appropriate button.

Senior Unsecured Revolving Credit Facility Agreements

USD 1.5 billion Working Capital Facility

Maturity November 2026 -214 million
Maturity November 2027- 1286 million
Margin 1.08%
Commitment fee 35% of margin on undrawn amounts

USD 1.5 billion Liquidity Facility

Maturity November 2026 – 250 million
Maturity November 2027 – 1250 million
Margin 1.13%
Commitment fee 35% of margin on undrawn amounts