Bond Trustee Fees

The issuer pays an annual fee to the Bond Trustee. The annual fee covers the work related to the establishing and the supervision of the bond issue according to the bond agreement.

The schedule of fees for municipalities or financial institutions is shown in the tables below. For other issuers the fee is set by special agreement within the intervals in the tables below on the basis of a specific assessment of each case.

The annual fee will be adjusted annually in accordance with the relevant consumer price index. There are standard prices for the preparation of additional agreements for tranches or tap issues. The Issuer will be charged separately for extraordinary work, based on the trustee’s costs and on an hourly-rate basis for each case. A standard fee will also be charged for bondholders’ meetings. A break-fee is demanded if the bonds are redeemed before the ordinary due date. Such compensation would typically be equal to one year’s trustee fee.

 

The financial sector - standard bond agreement, covered bonds (OMF)

No. of running issues

< 100 million 

>= NOK 100 million

0-5

19 000

30 000

6-10

16 000

25 000

11-25

14 000

19 000

> 25

14 000

14 000

> 50

  9 000

  9 000

 

 

 

Finance sector – subordinated bonds, tier 1/hybrid capital

< NOK 20 million

>= NOK 20 million and < NOK 100 million

> = NOK 100 million

24 000

30 000

35 000

 

Municipalities

Tenor of the bond

 < NOK 100 million

> = NOK 100 million

<= 3 years

14 000

19 000

> 3 years

19 000

25 000

 

Corporates

Bond Type

   NOK

Standard

 

40 000 - 500 000

Subordinated

 

40 000 - 500 000

Convertible

 

60 000 - 500 000


Additional fees

Service

 

Price each, NOK

Tranche with addendum

 

from 3 000 *

Tap issue fee

 

from 6 000 *

Linked notes **

 

individually priced

Bondholders’ meeting

 

20 000 *

Work fee per hour

 

1 800 to 3 500

* Non-recurrent fee, ** Structured product

 

Commercial papers (Certificates)

FIX Standard

 

FIX Negative pledge 

4 000

 

6 000

FRN Standard

 

FRN negative pledge 

6 000

 

8 000

For custom-made CD agreements, the trustee fee will be determined on an individual basis.

 

 

Fees - preparation of prospectus

 

Nordic finance companies:  NOK
Registration document   40 000
Supplement to prospectus 5 000
Securities document 5 000

 

Other Nordic companies:
 NOK
Registration document from  70 000
Supplement to prospectus from    5 000
Securities documents from    5 000

 

Particularly complicated prospectuses: Priced individually.

Fees for non-Nordic companies: By special agreement.