Brief: Bayn Group Issues SEK 100 Mln Senior Secured Bonds

Humble AB

16/12/2020 14:51

Dec 16 (Reuters) - Bayn Group AB  BAYNE.ST :
    * BAYN GROUP SUCCESSFULLY ISSUES SEK 100 MILLION SENIOR
SECURED
BONDS
    * RESOLVED TO ISSUE SEK 100,000,000 SENIOR SECURED BONDS
UNDER A
FRAMEWORK OF SEK 500,000,000 WITH MATURITY IN JANUARY 2024
    * BONDS CARRIES A FIXED COUPON OF 9.5 PER CENT AND
SETTLEMENT IS
EXPECTED TO OCCUR ON 5 JANUARY 2021
    * NET PROCEEDS FROM BOND ISSUE WILL INCREASE FINANCIAL
PREPAREDNESS OF COMPANY AND WILL BE USED TO FINANCE FUTURE
ACQUISITIONS AND GENERAL CORPORATE PURPOSES.

Source text for Eikon:  ID:nWkr1C85Wk 
Further company coverage:  BAYNE.ST 

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