Brief: Gränges Issues SEK 600 Mln Sustainability-Linked Bond

Granges AB

23/09/2021 08:03

Sept 23 (Reuters) - Granges AB  GRANG.ST :
    * GRÄNGES ISSUES A SEK 600 MILLION SUSTAINABILITY-LINKED
BOND TO
SUPPORT THE COMPANY’S SUSTAINABILITY STRATEGY
    * NEW BOND IS DUE IN 2026 AND HAS A COUPON OF 3 MONTHS
STIBOR +
1.20 PER CENT.
    * TRANSACTION GENERATED A STRONGER THAN EXPECTED INTEREST
FROM
INVESTORS AND ISSUANCE WAS OVERSUBSCRIBED WITH AN ORDER BOOK
GROWING TO ABOVE SEK 1,000 MILLION.
    * HAS SUCCESSFULLY ISSUED A FIVE-YEAR SENIOR UNSECURED
SUSTAINABILITY-LINKED BOND IN AMOUNT OF SEK 600 MILLION UNDER
COMPANY'S MTN PROGRAMME

Source text for Eikon:  ID:nMFN7p13sX 
Further company coverage:  GRANG.ST 

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