ABG Sundal Collier acted as joint lead manager for Crayon’s NOK 1,800 million bond issue

On 28 June 2021 and in a subsequent announcement dated 30 June 2021, Crayon announced that it was pursuing a potential acquisition of Rhipe, a leading Australian-based wholesale provider of subscription-based cloud licences, infrastructure and services in the APAC region. To finance the acquisition, Crayon announced its intention to in part finance the acquisition with a new senior unsecured bond issue of NOK 1,800 million.
Following significant interest from local and international high-quality credit investors, the books closed 1 July 2021, significantly oversubscribed. The bond issue was priced at a coupon of 3-month NIBOR plus 3.75% p.a.