The Swedish Group specialized in credit management and debt purchase and listed on the Stockholm Stock Exchange, has announced the issue of senior preferred bonds for a total of SEK 750 million (almost 65 million euros), with a maturity of four years. The proceeds will be used for general corporate purposes, and the bonds are expected to receive a Baa2 rating from Moody’s.
The issue, carried out under the EMTN (Euro Medium-Term Note ) program, followed a book building phase with total demand of approximately SEK 2 billion. The bonds were priced at 3 months STIBOR (Stockholm Interbank Offered Rate) +178 basis points.
