Bloomberg News

Eksportfinans Says Has No Need to Obtain Funding Amid Wind-Down

December 01, 2011

Nov. 23 (Bloomberg) -- Eksportfinans ASA said today it has no need to obtain new funding to honor its existing commitments.

The company said the cessation of the government supported export financing agreement doesn’t “constitute an event of default under any of its debt instruments/ agreements.”

Eksportfinans has five loans that will be over the limit for large exposures and is in the process of addressing that issue, it said.

Link to Statement:{NSN LV40FT3HHEDC <GO>}

To contact the editor responsible for this story: Meera Bhatia at mbhatia2@bloomberg.net


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