QE HELPS STATOIL BREAK SCANDINAVIAN RECORDS ISSUER STRATEGY

摘要

On Friday February 6, Norwegian oil giant Statoil unveiled a fourth-quarter net loss of Nkr8.9bn (€lbn), down from a net profit of Nkrl4.8bn the year before. The results came against a backdrop of plunging oil prices and predictions that these low prices may remain a market feature for some while. Just four days later, Statoil issued the largest ever Nordic corporate transaction in euros and the second largest euro bond offering from an oil and gas major. The deal, for €3.75bn, met with exceptional demand. The orderbook grew to more than €10bn, even as pricing was brought down and the issue size increased.