ABG Sundal Collier acted as joint bookrunner in connection with Zengun’s SEK 750 million senior secured bond issue

Zengun Group AB (publ) (“Zengun”) has successfully issued senior secured bonds of SEK 750 million under a total framework of SEK 1,500 million. The transaction represents Zengun’s fourth bond issuance, following its inaugural bond issue in 2019. The net proceeds from the bond issue will be used to refinance the company’s outstanding bonds, the repayment preference shares in the parent company, and for general corporate purposes. The transaction attracted strong demand from Nordic and international institutional investors and was significantly oversubscribed. The senior secured bonds carry a coupon of 3-month STIBOR plus 4.5% per annum and will be listed on Nasdaq.