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      Instrument data
      Issuer
      VARDAR AS
      Senority
      Senior Unsecured
      Currency
      NOK
      ISIN
      NO0010572282
      Coupon percent
      6.5%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      500,000,000
      Maturity date
      04/06/2025
      -
      BBB+ Outlook: None
      BBB+ Outlook: None
      Latest change
      New
      21/11/2023
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Per Haakestad Lead analyst
      Sebastian Zank Committee chair
      Scope assigns BBB+/Stable first-time rating to Vardar

      21/11/2023 Rating announcement EN

      Scope assigns BBB+/Stable first-time rating to Vardar

      The rating reflects the company’s low-cost and environmentally friendly power generation, and its robust dividend income from a 12.91% ownership in Å Energi. It also reflects a good financial profile and status as a government-related entity.

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