Brief: Ripasso Energy To Carry Out Convertible Bonds Issue Of SEK 79.5 Mln

Swedish Stirling AB

19/12/2018 09:17

Dec 19 (Reuters) - Ripasso Energy AB (publ)  RISEN.NGM :
    * RIPASSO ENERGY INTENDS TO CARRY OUT AN ISSUE OF CONVERTIBLE BONDS WITH PREFERENTIAL RIGHT
FOR
THE SHAREHOLDERS IN THE AMOUNT OF APPROXIMATELY MSEK 79.5
    * ISSUE IS COVERED BY SUBSCRIPTION UNDERTAKINGS EQUIVALENT TO APPROXIMATELY 34.5 PER CENT.
    * PROPOSAL FOR ISSUE OF CONVERTIBLE BONDS OF NOT MORE THAN SEK 79,505,021
    * PURPOSE OF LOAN IS TO MEET RIPASSO WORKING CAPITAL NEEDS RELATED TO ORDER BY AFARAK MOGALE
OF 7
PWR BLOK UNITS
    * CONVERTIBLE BOND ISSUE IS COVERED BY SUBSCRIPTION UNDERTAKINGS EQUIVALENT TO ABOUT 34.5
PERCENT

Source text for Eikon:  ID:nWkr5FfDLS 
Further company coverage:  RISEN.NGM 

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