ABG Sundal Collier acted as Joint Bookrunner for Novedo in connection with the SEK 250 million bond tap issue

Novedo Holding AB (publ) (“Novedo”), a Nordic industrial group with a diversified offering of niche B2B services, has successfully issued subsequent senior secured bonds of SEK 250 million within the Company’s existing bond framework of SEK 1,500 million, with maturity in November 2024. After the tap issue, the outstanding amount of the bonds is SEK 1,250 million. The bonds carry a floating interest rate of 3m STIBOR + 650 basis points and were placed at a price of 96.00% of par.
The transaction was mainly subscribed by Nordic and European institutional investors and the net proceeds from the bond issue will be used to finance acquisitions.